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24HourForums.com > Supported Forums > 24's Money Business > Goldman Hedge Fund Gets $3B Bailout

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 Posted: 08:56 pm

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I am not sure how I feel about this bailout.

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Excerpt:

NEW YORK (AP) -- Goldman Sachs Group said Monday it is leading a group of investors that includes Maurice "Hank" Greenberg and Eli Broad, sinking $3 billion into one of its biggest hedge funds which has seen its value plunge amid market volatility.





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Jaredc
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 Posted: 12:28 am

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Gonna be a heck of a ride for a little bit.  The realization that doing nothing is probably better than doing anything is probably going to win out in the end...though the road to the end will not be pretty for some.

I heard that 4 times the number of ARM and interest only mortgages are do for a rate hike next year compared to this year....yikes!! (don't qoute me on that though)

 

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 Posted: 12:31 am

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The problem I hear is that these particular ARM Mortgages that are now become a problem were set-up for low income folks and now that the rates are going up these folks can't make the payments? This is the rumor that's abounding... 




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24HourForums.com > Supported Forums > 24's Money Business > Goldman Hedge Fund Gets $3B Bailout


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