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principle reduction: Wall Street Banks alerting clients -- Obama may forgive homeowners debt - 08/05/10 03:34 PM
Will Obama bailout Upside Down Home Owners  with an August surprise?
2 things to consider: 
1.  The VIX index which is the CBOE market volitility index is pricing in a big stock market move in the next six weeks;
and
2.http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/
Reuters says Washington is buzzing with the Rumor that Obama is going to order Fannie and Freddie to forgive some of the debt of Upside Down americans. 
"Wall Street banks are alerting their clients privately to this possibility. Here is what some are cautiously saying publicly. This from Goldman Sachs:
GSE policies are one of a dwindling number of policy … (6 comments)

 
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