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b_b  ·  1907 days ago  ·  link  ·    ·  parent  ·  post: More Reits warn they are unable to meet cash calls

Thanks for the tip. After reading, the takeaway is "Vampires have sucked humans dry and they need a government bailout to buy more blood," which is what I figured the news was before reading. The only bailout that should be forthcoming is one in which the government loans people money at normal interest rates to buy back their mortgages from these REITs at pennies on the dollar. It's a win-win for the gov't and the people who live in these homes, and investors take a haircut.

On the other hand, who could have ever predicted that there could ever be turmoil in subprime mortgages. It's a one-in-a-million.