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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (10089)9/26/2008 6:56:26 PM
From: Hawkmoon1 Recommendation  Respond to of 33421
 
they increased their cash flow streams by writing Credit Default Swaps on various financial entities such as WaMu.

Can it get any worse??!! .. No.. don't tell me.. I'm sure it can.. <sigh>

But I think they will be torn up.

But this is truly proof in the pudding of the shadow banking system that has worked to drag all of us into hell.

Hawk