Thursday, April 17, 2008

Did the Good Times Roll? You Bet, and you are next amigos

for openers, just take a look at EPS for banks and brokers from 2002-2006 and then understand that their CDO's were insured so they did not have to mark to market and then understand that they sucked out 5-10 years of earnings for the Now earnings and bonus money--and then consider how you will feel when you understand you are in the middle of the Atlantic in the fall in a 10 foot leaking boat.

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