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DERBENSKI

10/06/08 1:30 PM

#117 RE: pkripper #116

'pkripper'

Well everyone when deciding to flee from the dollar flew to the Euro making it very uncompetitive.

Apparently too, German banks are heavily invested in mortgages looking at the foreclosure data, very heavy. That is not going to go over very big.

Unfortunately we are not the only country with overvalued real estate assets, making it a global problem.

Derb