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

To: The Reaper who wrote (201395)	5/8/2009 7:51:42 PM
From: 2doll	Respond to of 306849

its crazy, reminds me of 1999...things are DIFFERENT now, lol

To: The Reaper who wrote (201395)	5/9/2009 12:20:11 AM
From: Skeeter Bug	Respond to of 306849

they aren't insolvent. they are about to get a windfall of trillions of tax payer dollars and we get to eat their half decade of bad trades. cash for trash... we pay the cash, they give us trash. they aren't trading on current balance sheets, they are trading on future, toxic asset less, balance sheets. short term, these things could double again. or more. longer term, they are toast again unless "change you can believe in" means obama will give them another $2 trillion in cash for their future bad trades... and why not? too big to fail means the public eats all their bad trades and they get bonuses on all their good trades. the kickers? the public gets to pay the bankers for the privilege of taking their toxic asset trash and giving them trash (the fed, a private bank owned by big bankers, makes money off of the nation debt). caveat emptor on the short side our you could lose a lot very quickly. just value COF as though it has no bad assets and the public will eat its bad trades and the government will bury its populace before COF is left to fail. that's about where we are going in the short term.