I don't think there is a regulatory solution to the problem. If you buy bad crap with lots of money, then you get hurt ...a lot.
I personally am short BAC right now. I imagine there is a whole lot off money in the stock who thought the GSE bailout would start a financial led market recovery. Now that it's not happening, they have to sell.
Global Capital Asset Death Spiral [View article]
I personally am short BAC right now. I imagine there is a whole lot off money in the stock who thought the GSE bailout would start a financial led market recovery. Now that it's not happening, they have to sell.
I posted my exact trade at concisetrading.blogspo.../
Ryan