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Old 12-05-2007, 07:55 PM   #21
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We are unlikely to ever see it coming. Whatever "it" is.


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Old 12-05-2007, 07:57 PM   #22
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We always see it coming. The Great Depression. The dot-com bust. The housing crash. But we always hope it'll go away and that the party will continue.

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Old 12-05-2007, 09:31 PM   #23
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Originally Posted by retire@40 View Post
In every one of those years or any year in between, if you had invested in the stock market, you would be worth a considerable amount more today. Invest for the long-term in the stock market and you will be rewarded.
Unless of course you invested in Japan in 1989
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Old 12-05-2007, 11:14 PM   #24
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Originally Posted by haha View Post
This gets very complicated, but I believe that these instruments are very highly leveraged, so that the disruptive effect of their insolvency or extreme illiquidity could be magnified.

The instrument is not highly leveraged, in fact all the ones I was trustee on had excess assets in the portfolio....

Now, the person buying them might be leveraged to the hilt... but that is another matter.
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Pearlstein: On Wall Street, Morgaged Principles
Old 12-07-2007, 09:45 AM   #25
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Pearlstein: On Wall Street, Morgaged Principles

Pearlstein's response to the "No New Hope Plan"
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Old 12-07-2007, 12:06 PM   #26
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Thanks for the post -- Much of what he says rings true (to me at least). Pushing out the payments and the actual repossession, while I can see the need to "save the neighborhood" does not appear to help anyone except the mortgage holder (whoever that may be) IF the borrower ultimately loses the house.

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