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To: Cold Heat
Those prices are lower than today’s prices.

I should have been clearer. The underlying properties are what need to be priced lower.

And if the price is zero, I'm willing to buy a few of those thinngs at one penny on the dollar.

Heck, I'd take a 1000 of them at a dollar a piece. Someone want to sell me some?

28 posted on 09/25/2008 7:55:06 AM PDT by NeoCaveman (End the Obamanation, Vote Maverick, McCain/Palin '08; Free Laz; Drill baby drill; Stand up for Chuck)
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To: NeoCaveman
They cannot sell them at that price. Lehman sold theirs at 20Cents on a dollar and it folded them up like a cheap suit.

Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.

When that works it's way down to you and it will, and is now, everyone will share in the pain.

29 posted on 09/25/2008 8:00:50 AM PDT by Cold Heat (Well....................................That's .....that.........)
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To: NeoCaveman
I should have been clearer. The underlying properties are what need to be priced lower.

With all the bruhahaha, one has to note that only 5% of the underlying mortgages have failed. Should the financial crisis spread to the streets, the number will skyrocket.

This is financial Armageddon. It is what it is and there are two choices. Let it happen or try to mitigate it as best as we can.

30 posted on 09/25/2008 8:05:04 AM PDT by Cold Heat (Well....................................That's .....that.........)
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