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  • The Coming Crash of 2008: A Result of Overleveraging  [View article]
    Seems we are losing the state power battle as well. I'm pretty sure Mr. Bush hasn't extended me any NEW rights and I know for sure he has taken some away and feels that HE is "the decideder."
    Mar 18 12:30 pm |Rating: 0 0 |Link to Comment
  • The Big Whoosh: Is This The Beginning? [View article]
    It is still just a confidence issue. The loans being marked to pennies on the dollar are obviously worth far more. Sure, you might be seeing more defaults, but those will never exceed 10 % and there is still value in the asset.

    I think this is just a Bear Raid on Bear - in the spirit of the Salem Witch Trials. All you need do in this market is point the finger and shout something about the balance sheet and if you get heard by the right rumor mongers that company will go under.

    Mar 15 22:40 pm |Rating: 0 0 |Link to Comment
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