Posted on 02/10/2009 12:17:28 PM PST by marshmallow
There was a woman on CNBC yesterday who was insisting that there is, and has been, a market for some of these toxic assets all along. There has been some trading.
The price is "in the low single digit range" ahe said. Then she added...I don't mean 30%, I mean 3%.
So we know what their worth - it's just that the bankers don't want to move them at that price and are waiting for the Government to build a floor under them at, say, for sake of argument...30% or maybe 40%.
Meanwhile, hell freezes over the housing market.
Geithner sure was a hit today....wasn't he? CNBC had a poll on how investors should view his presentation:
a) give him a break and some time to come up with details.
b) no break, his plan was about as clear as his tax returns.
I voted "B"!
Got any brown eggs?
I heard Jim Cramer of “Mad Money” jump up and down and say Geithner should never be appointed. This is disaster.
As long as MSM supports him, no way the MSM will report that. However, if they say he has a 60% approval it probably means he has a 40% approval rating (100 - MSM number).
I have heard about this, got some more information?
‘I am still waiting for my Hope darnit.’
And I am clinging to my ‘change’ desperately....
Oh Mistah Present O'Bummer - I and my thirteen chilluns and five men friens needs a brand new dark chocolate pony or I will just die!
Oh Mistah Present O'Bummer - I needs your empty Hyde Park mansion in Chicago too!
Oh Mistah Present O'Bummer - I needs a lifetimes souply of Night Train and bean pies also!
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