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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (51139)1/24/2006 12:15:14 PM
From: Ramsey Su  Read Replies (3) of 110194
 
Why should there be any fear?

From GDW earnings today:
biz.yahoo.com
Aided by a strong real estate market, the Company's chargeoff ratio amounted to zero basis points for the eighth consecutive year." Sandler added, "Our success can also be judged by our nonperforming asset level." At December 31, 2005, Golden West's ratio of nonperforming assets to total assets was just 0.31%, down slightly from 0.32% one year earlier.

ZERO basis points - NO LOSS.
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