Speculative chickens are coming home to roost. What’s amazing is that these supposedly prestigious investment firms allowing themselves to be so far out on that limb.
They don't know more than me after all...They're just bigger gamblers.
When you talk about chickens coming home to roost, you have to stand up, flap your arms, and dance around in a circle, just like Rev. Wright did in his post-9/11 sermon.
They aren’t the only one.. trust me.
The sub prime lending mess is bigger than ANYONE is telling you or being honest about... and its unravelling is starting to unravel decades of piss poor long term fed policy.
A year ago I said this mess when all is said and done was going to be well over the Trillion dollar mark (experts were still clinging to rediculous notion that it would only be a few hundred billion)... Today its pretty obvious that it will be MULITIPLE TRILLIONS that will be gone when this is finally over.