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

To: orkrious who wrote (192719)	3/23/2009 6:28:48 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

(D) is a very good point. Also excellent point that because the toxic waste resides in "held-to-maturity" account, the banks have very little incentive to move them off. I think this is doomed (and it should be). They need to move these to receivership and bust out current management and equity holders to do the job that's needed. A la Simon Johnson. I still don't know why banks can't simply sell them to each other, and put uncle sugar on the hook for 94% of the liability. Call it the "I'll-show-you-mine-if-you-show-me-yours" gambit. Money laundering Medellin Cartel-style!<G/NG>