I've watched his show once and couldn't handle it. I was never even really aware of him until he started pumping CFC and DSL. He seriously practically blew Mozilo when he had him on.
if mozilo goes away for this he will be blowing the entire population of san quentin very quickly on arrival
says Brokers aren't cheap till they get to 9PE. Didn't he say, as early as last week, GS cheap at 10. He's not going to be able to sweep this under the rug. Hopefully, it finishes him, and we won't have to hear about him anymore.
Why is it you gentlemen know more than the aggregate lending community about this? Or is it more a matter of being a Monday morning quarterback? The "C" in CDO puts a floor on things. A little different than 30 day unsecured paper, which incidently is a huge arena. The "C" of course hinges upon appraisals, and no doubt lending standards will tighten, but world isn't coming to an end. Let's see you capitalize on "it" rather than call "it" after-the-fact.
...because one, nobody in the Industry can tell the truth. The more they say "OK", the less I believe. Two, leverage. Three, by screwing the poor, the Dems are going to be on this huge, and who ever saw them make anything better. You may certainly be correct, but there's more hurdles than a track meet.