[quote=skeedaddy2]If you want to get a taste of how bad things are in the mortgage/CDO area,
take a look at this site:
Mission Accomplished- Cramer was just jawboning, but everyone is talking
about it. [/quote]
Cramer is screaming about the real deal..a HUGE problem on Wall Street & Main Street. (BSC CFO thinks worse than the internet bubble). He may also me friggin' out about telling people to buy CFC a few weeks ago (not sure, who knows, he flip flops ALOT)....
In any case this whole thing is a Sh*tstorm brewing...His HF and guys on the bond desks know this and are in TROUBLE. He wants Bernanke to rescue the day though with a rate cut and that just seems absurd...These guys set up this mess, let them attempt to get out on their own.
Funny how things that happen on Wall Street are similiar to dealing with your children...."Sub Prime" et al is going to be in the headlines alot more going forward....we're just not sure of impact....
Cramer is said to have changed his line from "Most people want to make friends;..Me? MMmmI just wanna make money!"
Most people wanna protect their money. Me? MMmmmI just wanna protect my friends!"