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Politics : Welcome to Slider's Dugout

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From: wildandwonderful	12/15/2007 7:58:41 PM
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Good Posts everyone.When I started investing in stocks, I thought Wall Street guys were smart sophisticated,who had the inside tracks and kept a close pulse on our country's economy.As years went by I realized they are bunch of greedy guys who are playing with other people's money, who have no common sense. Why would anyone lend someone 120% of their house worth,to people who have not top notch credit scores. You have to use their greed to our advantage,Greed blinds them.One thing they have is staying power,things usually takes much longer than you anticipate.We all expect this mortgage crisis to unfold in normal span of time.I have been through this they have lot longer staying power than you and me can anticipate and with Fed other institutions helping them it is going to take much longer than we think.Banks are in trouble and if you think that and short C, you will be taken to the cleaners. You need to very patient, don't shoot at the first Buck you see, bigger one's are around the corner and if you think you missed the train ,another one is coming before too long. Remember they are playing with other peoples money and you are playing with your own.

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