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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (187976)	3/3/2009 11:39:41 AM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

Since we're all talking [smack]. I got a 1 dollar price target on BAC. <G>

To: Jim McMannis who wrote (187976)	3/3/2009 11:48:26 AM
From: MulhollandDrive	Respond to of 306849

:) bernanke to senator murray: 'the impending catastrophe in the commercial real estate market. so GE booooolish! <edit> wow, check out karl's take on GE this morning....just now found it...this bodes seriously evil....let's hope it doesn't happen: Posted by Karl Denninger in Politics at 10:35 Here It Comes (GE) This is what is going to happen, as I noted in BlogTalkRadio yesterday afternoon, if "The Bezzle" is not removed from our system NOW. Take a look at that folks. That's a snapshot of today's volume for June GE $2.50 PUTs. That's over 52,000 contracts traded today, controlling 5.2 million shares. They were purchased for about 30 cents, which means that the price has to be under $2.20 for them to go "in the money". This is a bankruptcy bet on General Electric by the third week of June. That's right - General Electric. Folks, this is precisely what I was talking about last night on BlogTalkRadio. Go listen to my monologue on "The Bezzle", right at the front of the show, very carefully. This is precisely what has happened with many financial institutions already and what happened to hundreds of companies during the 00-03 Tech Wreck. General Electric is a stalwart of our financial and industrial system. A bankruptcy by GE would be catastrophic for our economy and capital markets. The follow-on damage with suppliers and customers would be even worse. If "The Bezzle" is not brought under control right damn now this is what is going to to happen to company after company. We WILL see the S&P trade at one hundred if we start to see firms like GE go down the toilet. Ladies and Gentlemen, Legislators and President Obama, your time is running out to change direction. The number of people who have told me that I am wasting my time continues to grow. You folks who are sending me those emails are missing the point of my activities in this regard. It is my intention to guarantee that these actions and intentional and willful blindness is documented so that when these failures occur, which I have predicted and provided a path by which they can be prevented, occur due to the intentional and willful malfeasance of our lawmakers and policy "wonks", the people can correctly hold to account the people responsible for their unemployment, homelessness and hunger. When firms like GE come under attack like this what I am talking about here is coming - imminently. Either behavior changes RIGHT NOW or the outcome will become inevitable.