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Re: Deano361 post# 163995

Thursday, 06/10/2010 2:42:36 PM

Thursday, June 10, 2010 2:42:36 PM

Post# of 169277

Believe me, it was not good guessing either. Rufus was ahead of the curve on that subject. I cant take that credit away. There were too many specifics if you were on his board




LMAO..all you had to do was read Forbes magazine 2 years before Dufus started repeatingwhat most investment bankers were saying. The CDO market was crashing, mortgage portfolios were showing 90 day defaults with people who had average credit scores of 700, anyone with a brain could tell you the big banks were overleveraged.

Sadly, round two is coming with the commercial lending market as mark-to-market has never been fixed.

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