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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (625962)	8/26/2011 2:48:20 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1578550

Al, the overall goal is to sustain the housing market at current levels. To you, that's "stabilizing the market" but to me, that's "stabilizing a bubble." That's going to help BoA a lot, especially considering the glut of foreclosed homes that they're stuck with. Must be nice having a hand in creating the financial crisis, then getting help from the government as a "reward." All under the guise of helping homeowners. In light of that, I think BoA has been beaten up WITHIN reason. Of course it's a "bargain" now that BoA is going to be "too big to fail." Buffett no doubt sees this and wants in on the action. That's great for him. Also great for homeowners who are underwater and looking to refi. But what about those who are not underwater and want to refi? No effect on them? How about first-time home buyers who still find real estate to be way too high? Or those who lost their homes to foreclosure or got rid of them via short sale? They get to be left high and dry in this market? There are just way too many problems with messing with the free market. Creating or sustaining artificial bubbles is always a recipe for disaster. Not for Buffett, of course, but for the market in general. Tenchusatsu