I remember that crap about Countrywide 3 months ago. That cost me some coin. He told all his sheep to buy stocks like Countrywide and a bunch of his picks are going down the tubes. Can't sell books like that. Boo-Yah.
be correct that everything is going to hit the fan. the fed should do nothing and let these FUCKS who gave mortgages to people who could not pay their bills also get fucked. Let BEAR STERNS go out of biz. let a ton of these scam artist go find a real fucking job.
In not so quite colorful language, I completely agree. Like many other times of heady valuations and poor risk assessment, the markets should bear the pain of unbridled and unrestrained capital speculation.