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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (60111)5/2/2006 10:24:30 AM
From: John Vosilla  Respond to of 110194
 
Mismatch between booking accrued income and not properly reserving for losses in the coming downturn always makes the GAAP earnings look good. Now they can't even dump many of these toxic loans anymore and continue to borrow just like their customers<g>



To: orkrious who wrote (60111)5/2/2006 12:55:52 PM
From: patron_anejo_por_favor  Respond to of 110194
 
>>These guys are gonna get hosed.<<

Of course....and the only 2 shorts left standing after the last squeeze are gonna get rich!<G>


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