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

To: patron_anejo_por_favor who wrote (201819)	5/12/2009 12:08:45 PM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

inspectorgeneralschicken.com

To: patron_anejo_por_favor who wrote (201819)	5/12/2009 1:02:59 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

If you read the original Bloomberg article, you can see the bulk of that headline number of 9 trillion refers to "pledges" by Treasury, FDIC and the Fed. Not that I'm defending her vague responses but most of what they've pledged is not under her purview. He was obviously looking for a sound bite and she was determined not to give him one. bloomberg.com The off balance sheet pledges related to the government takeover of Freddie and Fannie are even larger than this huge sum. What can one expect when Americans borrow 14 trillion in mortgage money with the core belief that they will only have to pay it back if the value of their house rises in relation to the loan?