hey toro

[wimpy77]

do you think the banks will sell the assets?

 

[Toro]

Yes. Some assets will be sold.

How much, though, I have no idea.

 

[wimpy77]

i was wondering what your opinion was. i read today that alot of these assets may have been written down enough that banks may not be willing.

 

[Toro]

i was wondering what your opinion was. i read today that alot of these assets may have been written down enough that banks may not be willing.

Honestly, I really don't know. I don't think anyone does.

I do believe the program will have some effect. Bill Gross of PIMCO said yesterday that he thought the program was interesting. So there will be some demand generated by the program but by how much, I have no idea.