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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 (266612)	8/5/2010 12:30:03 PM
From: marcher	Respond to of 306849

renters don't vote. -g?-

To: patron_anejo_por_favor who wrote (266612)	8/5/2010 12:30:28 PM
From: marcher	Respond to of 306849

renters don't vote. -g?-

To: patron_anejo_por_favor who wrote (266612)	8/5/2010 1:37:24 PM
From: bentway	Read Replies (1) \| Respond to of 306849

I'm just comforted to see SOME of the "small people" getting a bailout. Why quibble about why them and not THEM?

To: patron_anejo_por_favor who wrote (266612)	8/5/2010 2:59:30 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Why airdrop homeowners and not renters?<<< Good gracious Patron. Of all people, I would have hoped not to have to explain this to you. Here goes: 1) FASB suspended mark-to-market to save the bank's from liquidation. Having some smattering of shame, they will stop bending the rules and disallow mark-to-model, 2) Having sucked the pensioners income via Bernanke's ZIRP policy, the FED will take that back. The seniors are getting pissed about having to forgo golf and trade all day just to get their dog food for dinner. The FED has started repo and liquidity extraction again. Hah. BS cubed. 3) So when the banks - after about three years of cash infusion - have to start implementing some minor vestige of classical accounting, they better have nice capital ratios, and what better way to have that then 4) Keep real estate at artificially high, nose-bleed levels through these ridiculous, unfair, unconstitutional sops to idiotic homeowners. It isn't that the government wouldn't mind buying some renters' votes. It's just that even the might presses of the FED have limits. You know...if they run them too fast then Goldman's HTF algos can get in there and siphon directly w/o the pretense of "investing" in the equities.