Freak'n' incredible.
Not long ago Ben says no major bank failures just small real estate -related fiascos.
Then BSC Ceo say rumors are "ridicilous".
Then overnight 24-hour (unexpected?/rumor-enabled) crunch crushes outfit.
. . .now defunct pending takeover.
All in just days! And just these past few - what is in store?
SP ratings says worst is over, end in sight (like I believe them.
They then have to downgrade BSC.
These investment bank 'yahoos' really messed the financail industry ALL up.
They should've come clean at the beginning - taken their full write-downs and got on with the business of making money.
But typical human error most traders are well-aware of, sunk the pros.
Won't be long for things to get REAL ugly.
Oh well make money on the downside and let them sort it out.
pS
:eek:
Not long ago Ben says no major bank failures just small real estate -related fiascos.
Then BSC Ceo say rumors are "ridicilous".
Then overnight 24-hour (unexpected?/rumor-enabled) crunch crushes outfit.
. . .now defunct pending takeover.
All in just days! And just these past few - what is in store?
SP ratings says worst is over, end in sight (like I believe them.
They then have to downgrade BSC.
These investment bank 'yahoos' really messed the financail industry ALL up.
They should've come clean at the beginning - taken their full write-downs and got on with the business of making money.
But typical human error most traders are well-aware of, sunk the pros.
Won't be long for things to get REAL ugly.
Oh well make money on the downside and let them sort it out.
pS
:eek: