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

To: tejek who wrote (260819)	7/14/2010 4:10:40 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

Actually we're not "making money on the bailouts", if you include FNM and FRE. Nor with GM if you include Ditech. Geithner has been very cagey (i.e, lying) about this, and it's total crap. They got some of the TARP paid back, mostly from the companies that needed it the least to begin with. BFD, that's not where the problems are gonna be. Furthermore some of the banks "paying it back" are doing so despite very large levels of crap on their balance sheet (that due to the FASB caving on Mark-to-Market, they no longer have to account for in any timely way). The easy money to pay back got paid back, don't expect that to continue. And Fannie/Freddie may well never pay their federal obligations back.