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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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To: Covenant who wrote (681)	4/28/2012 5:11:34 PM
From: grahamcracker	1 Recommendation Read Replies (1) of 1876

I agree with the tech charts on this one Here's an article on 'ol Aubrey online.wsj.com In it, though, he asks the following good question: "....would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security . . . or every loan they made?" Now, how about every subprime CEO who "never saw it coming"? Wonder if a stake, not just in the company, but in each actual loan would have improved their vision any?? Damn good question. (Buffett has a similar version of this).

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