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

To: James Hutton who wrote (192796)3/23/2009 10:20:56 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Very easy to reach around that provision. Give a hedge fund financing with "favorable terms" and have them go and buy the toxic......or any of a million variations on this theme.

The one thing we can say for sure is that taxpayers will get hosed royally before it's done.



To: James Hutton who wrote (192796)3/23/2009 10:22:38 PM
From: Giordano BrunoRespond to of 306849
 
"Maiden Lane LLC" was an easy way to get around things.



To: James Hutton who wrote (192796)3/23/2009 10:26:08 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
>>I THOUGHT I heard Geithner say today that banks wouldn't be able to bid on their own loans, but even if true, there are probably lots of easy ways to get around that little inconvenience. <<

Right....so JT Marlin buys Banco Merka's toxic and vice versa.

I call it the "69" strategy......



To: James Hutton who wrote (192796)3/23/2009 11:18:39 PM
From: Bank Holding CompanyRespond to of 306849
 
AWESOME!!!


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