Are you serious? All this regulation never went into effect until after things went to hell. How about pre-2007?
I mean seriously. Don't blow smoke up my ass.
Are you kidding me? You've gotta be kidding me.
You know how many firms/funds run models like this all the time. One in particular had a hell of a track record (caught the '87 crash) and everyone seems to have a hard-on for him.
I was wondering that too. I'd love to know what dumb shit is going to take a bath on this stuff.....
On a side note this news did stop me out of my puts, so bad timing on my part and i'm not one to talk.
This thing's gonna crack again....BAC's got a good history of taking their...
Idk, but he needs to get this together. Having no money and leveraging all he hasn't isn't the path to riches.
I'm too chicken to tell him that. :P
Do you have a job bud? You need one, and then you can do this kind of stuff.