ballsschweaty

The Real Story on Countrywide, Cont.

Herb, your conspiracy theories are annoying and show how whacked out crazy you are.

Let's assume for a moment that you're right and that B of A has a put option to the government.

Don't you think that would be a material item requiring disclosure by their outside accountants? So you're saying the outside accountants are in on the conspiracy too?

The only put option is Bernanke's assurance that he will have fed funds down to about 2% one year from now. That will allow a nice healthy spread to be earned to recapitalize the banks.

You really need to think through your conspiracy theories before spouting them off in public. They only serve to make you look stupid.