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

To: Broken_Clock who wrote (268754)	8/12/2010 7:17:59 PM
From: koan	Read Replies (2) \| Respond to of 306849

The entire congress, both parties, and all economists told them it was do it or die. And all the countries int he world followed suit. NO ONE IN AUTHORITY ARGUED anywhere in the world. From a statistical probability point of view I think I would go along with the entire friggen world than any single or small group of ideas. The entire world did not even hesitate for 24 hours, the evidence of an impending world financial collapse was so overwhelming. Libor went to 4 overnight and all lending stopped. All lending stopped in the entire friggen world in one day because of no ability to mark to market the banks CDO's.