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Re: creede post# 282

Tuesday, 01/08/2008 3:10:58 PM

Tuesday, January 08, 2008 3:10:58 PM

Post# of 15937
we live in a sad country where the treasury sec can go on cnbc in the morning, and lie to the american people.......we are in distress. they need to raise rates to stop the bleeding in the dollar. if he wants a strong dollar.....they must raise rates to 8-9%. who cares about the effect on housing. rather than try to figure it out...they should investigate all the no-documentation loans, and the banking industry and the scam appraisals done on homes. the banking sector was a systemic - widespread problem,,,,and the fed did nothing about it. now,,,,there are massive defaults, and that's part of the reason why countrywide (CFC) is in the tanker, and will continue to tank.

our country is in a crisis, and i believe that once we crash, and the market is down -30-40percent to the 9,000 level....then we will see some sanity.

the day the down looses -1000 DOWN DOWN points, ACCR will become ressurrected and spike to $4.45.

see ya.