sub prime is no game, page-4

well said dave.

all this is talk in the mkt place about bailing out those dumbos who lent the money to those poor suckers who didn't understand what they were letting themselves in for. the fed cannot do much in reality. nor the banks. not unless someone else pays for it big time anyway. that is you an me.

just talk to settle the mkts.

berney doesn't want lower rates because it will just reignite the whole situation.

now the mkts have been settled we may just see those fed funds stabilise and not fall.

i may be wrong (yet again) but watch for :

''well the fed has done a good job, the mkts doing great so we need not lower rates because the economy is doing fine, blah blah blah ...''

we still have thousands of homeowners who took out their loans at very low first yr rates who will soon have to pay the mkt rates. boyo that is going to hurt and the fed knows it. bush doesn't know it tho cos he's to thick to understand. he just wants to fight everyone. how on earth bush managed to get to oz is a mystery to me. wish he'd visit a few other places too so he'd understand first hand the problems of other peoples.

this sub prime and 'prime' crisis is far from over.

will the talking pollies beat mkt forces ? i doubt it.

i saw this trouble over one yr ago and have been mostly out of stocks since then.

funny that my portfolio is beating the indices tho. only by a 1.6% margin but i'm happy with that.

hope mr bush has a good trip to sydney. i wonder how many aides he has brought with him ? 100, 200, 500 ???

he's lost all credibility with 40.

be good,

40.