From: Wilson 
Subject: Re: Where did the 400 billion USD in subprime mortgage losses go
Newsgroups: misc.invest.stocks misc.invest.real-estate
Date: Wed, 21 Nov 2007 08:06:57 GMT
Bytes: 2574

On Wed, 21 Nov 2007 02:29:39 GMT, Bill Reid wrote:
> I think my brother-in-law and sister and their
> boat and truck dealers deserve an answer to that question...as do
> we all, or at least those of us who are smart enough to even ask
> the question (and answer it)...

I hear ya Bill!

I, for one, would *never* buy a house I couldn't afford - nor would I
"gamble" on a loan where the interest rate (hence the payment) could change
- nor would I invest in same.

My broker did have me in REIT's which he said were "commercial only" so I
sure hope they are not affected by the debacle of greed.

I think the best answer so far is those who made the 400 billion were the
ones who sold at the top of the market. I suspect a huge chunk of that
estimated 400 billion dollars in real estate losses is collateral so most
of that will be recovered over time.

I suspect all of this - but I do not know a thing.
That's why I much appreciate all the advice here!

REMOVING misc.consumers.frugal-living 'cuz the whackos seem to live there.