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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Quote:
Originally Posted by asphaltgambler
I agree, seems to me that some / most institutions are either ignoring the obvious continued market down turn or oblivious to it. Better to take some loss on the short than to hope and hold for the full loaf of bread IMO.
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And the way the finances of many of the mortgage-issuers are, it's much better to have the cash than the asset they can't move...
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5 liters of VVT fury now
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"There is freedom in risk, just as there is oppression in security."
Last edited by legion; 01-07-2009 at 10:44 AM..
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