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


To: RockyBalboa who wrote (211660)7/22/2009 6:35:11 AM
From: paul61Read Replies (2) | Respond to of 306849
 
JMHO: Well I heard Bernanke testify the FED has lost NO Money. Actually he did Not Buy this toxic crap - he just stored it - giving the bank/entity Time to make a profit - so THEY could write down these toxic items. Unfortunately for Ben the entities/banks are using these "profits" to pay bonuses...so the joke might be on B. Bernanke!! Although I doubt it. You know Profits - that is what companies used to use for such things as payroll/operating costs...not sure they still have them ...except at bonus time (g). Thanks for all the input. Paul



To: RockyBalboa who wrote (211660)7/22/2009 9:50:34 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
That is a scary thought. I thought most of it was held by the Fed under repurchase agreements. As long as those institutions survive, the Fed need not worry about the market value of the assets. But in the event that they fail, the Fed would be limited in its ability to mop up the dollars. Of course, if those big institutions are failing, the Fed's going to have a lot more things to worry about than taking away the Kool-aid.

`BC