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Re: MLK post# 7763

Friday, 07/27/2007 11:35:15 AM

Friday, July 27, 2007 11:35:15 AM

Post# of 9101
I agree with you but you also have to consider that many of the banks sell that debt to other instituions so they may not be on the hook for as much as people think. I think we saw many of the investment houses get crushed because of this. GS is one of my favorites and it has gotten killed. I am holding it because I think when the waters clear they are going to be ok, from what I have read that do not have as much exposure to that debt as other institutions.

I think BAC is winner as are many of the financials but the bottom is not in for either housing or financials, good time to nibble though.


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