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zoinkes
Shocking!!
Who could have predicted??
so much for it all being priced in. short the heck out of these guys. don't forget that MER reports Thursday and it will have shock value as well. oh and don't forget the rest of the financials that HAVE to report the next couple of wks.
Who knows what evil lurks on the balance sheets of financials? The Tanta knows. Heh heh heh heh.
It's about time FED came clean. They've been trying to hide the bad news for as long as possible. They even did a $50 million stock buyback that may still be ongoing.
Hoodathunkit?
Adjustable rate mortgages that have reached their maximum allowable negative amortization, which now require an increased payment, are a contributing factor in the higher level of delinquent loans.
Margin call, anyone?
OT,
DX is cliff diving this morning...
WOW$
The next hockey jersey (actually called 'sweaters' though not made of anything like a sweater anymore) I buy to support my team might just have to sport the name...
'Hu Koodanode'... and the number '08'.
Ouch, it hurts
i am stunnerized.
I don't think ANYONE could have forseen these events.
(and it's all someone elses fault -- I wasn't in the loop)
Evil or Ignorant either way it's a great virtue in a leader and a true sign of being the man or woman for the job. Re-elect evil or ignorant
This company actively hides its grim financial condition, buying back shares consuming scarce cash and deceiving its shareholders. Institutions are the biggest suckers, holding the bulk of stocks. This stock belongs in the sigle digits based on the rapid deterioration in their portfolio.
I can't see this operation lasting much longer, as a going concern...