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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (345629)	8/3/2007 4:04:35 PM
From: tejek	Respond to of 1575622

re: I just heard on the radio that Countrywide - who I had thought was a reputable home mortgage lender, has 25% of it's loans in default, and 50% of it's total loans are subprime loans. There is a lot of bad paper out there... Remember I said a crash would be sooner than October. Well, it started this afternoon after the Bear Stearns conference call. BS didn't mince words. The feds need to act and act fast! I've sold most of my portfolio in the last 20 minutes. Only kept oil and mineral stocks and a few tech. Not pretty.