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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32034)	9/18/2008 12:48:18 AM
From: Madharry	1 Recommendation Read Replies (1) of 78670

its a shame i didnt take my own advice and stay away from all financials. More of a shame that the SEC and COngress failed to act in a timely manner on many of the obvious abuses in in the financial system, allowing poor credit undewriting standards, unlimited short selling, unlimited leverage, ratings based upon psuedo science, loan covenants and agreements based upon ratings as opposed to gaap numbers and ratios. Barney Frank, Paulson, the SEC head moron, should all hand in their resignations with their heads bowed. I find it telling that now that Goldman Sacks is coming under pressure by short sellers, now the SEC wants to ban short selling.

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