Here is an email from somebody:

“I want everyone to follow this line of reasoning. Bearsterns collapse!!! Morgan Stanley bought a 171 a stock company at its peak for 2 dollars a share. Morgan Stanley is guaranteed by the FED and backs all loans and losses attributed!!! What does that mean? It means that the Fed bought all those mortgage backed securities. Well you may think they are stuck with the hot potatoe. Well, there not that stupid,…remember they caused this disaster…..its exactly what they want. How you may ask is this good for them? Well when those morgages default they get em….And what to they own, REAL HOMES. REAL SHIT. And what did they trade it for, da da da daaaaa………………..paper!!! Yes, while it cost us time and energy to earn dollars, they just print it…it cost them 250 to print 1,000,000 dollars….so a 200billion investment of worth they buy real assests, cost them 1.5billion!!!!!!!!!!!!!!!!!!!!!!!! it’s a ponzi scheme…..pure and simple…..thats a like a 2000% profit!!!!!!!! While we get stuck paying it in inflation….”

Something to keep in mind.

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Tags: housing crisis, mortgage, securities

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