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Re: Jim Cramer of MSNBC Predicts a Great Depressio
Will 700 B be enough?
2008-09-23 — ml-implode.com
"If defaults remain at roughly $20bb per month in CA and $50bb nationally and this new $700bb bailout is suppose to clean up banks past troubles, what is left for the potential $1tt in current defaults coming over the next two years? This plan is being debated today in Washington as if mortgage and housing crisis was over and they are trying to clean up the aftermath. I am sure many there really think this is about the real estate market."
Really does not matter if they do pass the "bail out."
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