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


To: carranza2 who wrote (42273)9/26/2011 3:50:42 PM
From: patron_anejo_por_favor1 Recommendation  Read Replies (1) | Respond to of 119360
 
I think they figured out how to out-Ben Ben.....CDO squared? Holy $$$$hit!

I'm ready. I fully expect to make at least 2 or 3 million clownbucks off the stuff I bought in the last 3 days by the end of the year (net of taxes). Maybe by the time I get the second eye fixed.....ROTFL.

It's always worth remembering that Central Banks have only one constituency.....the banks they shill for.

If you try to figure out what will be the best course for them, then you know what the crooks in the CB's will do. Trichet, Spanky, whoever. In this case they will clearly default via printer, and it will be a ginormous amount and will go on and on. The devil take the hindmost (e.g., Chinese and the "old folks on fixed income") as always.