Thursday, September 18, 2008


I've said it time and again, you just can't trust these guys!!!!Countrywide Financial - Bear Stearns - Freddie Mac - Fannie Mae - Lehman Bros - AIG...and a few more big names all set to join the list.
You may blame the short sellers for the steep stock declines, but the blame lies squarely with incompetent regulators, CEOs and management and risk managers, whose models never seemed to figure out the dangers of overleveraged derivative positions and the simple fact that home prices would not rise forever!

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