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User Info	Koolaid iditots; entered at 2007-12-01 22:25:23
Robt Posts: 559 Registered: 2007-08-26	Think for yourself. KD is not the messiah, all these yahoo mb followers need to recheck their independent brain. The banking system is ***ed no doubt. But come on. Posts: 472 Incept: 2007-08-26 Online Report This As A Bad Post "ETrade today provided the latest validation of this thesis. Their disclosure today was horiffic; the implication of the loss of $1.5 TRILLION in real value in HELOC's alone ought to send shivers down your spine. It sure did mine - that's $22.5 Trillion in lost lending capacity, or some two and a half times the national debt of the United States." Sorry, these weren't straight HELOC's. These were the Company's non-confirming ABS and include ABS backed by second lien loans. Comparing them to WAMU's straight loan book is incorrect IMO. Yes, It is ugly but to write down WAMU's loans at 27 cents on the dollar is too harsh.