for real doh

CNBC's Specious Reporting on the Housing Plan

If this isn't the pot calling the kettle black. Do some analysis too. You are missing the point on several layers. The open out cry that remains is a hybrid side-by-side electronic/open-out-cr... and remains largely because its the most efficient interface to the bonds options pits that currently don't trade efficiently on the screen. It's a bailout and not just for the banks (you know those guys that pay billions in taxes) but for people too and its application is ambiguous and arbitrary. The institution running this financial catastrophe show caused the problem by enabling people who can't afford to buy the house they are in and now we are going to do it all over again. Rick;s point is they should be buying homes within their limits and not get bailed out - that might mean they have one less bathroom, one less garage and a smaller house. The back drop to the pit is also important because what this bailout program stand for (let's not forget its bailing out some congressmen who are responsible for FNM too) is contrary to what the bond pits stand for - to make the trade you need to have both the willingness and the ABILITY to cover your position and if you don't you'll get tossed out of the market.