B of A has taken a massive write down from it's purchase/rescue of
Countrywide.

Even you can understand that.

No he can't.

--Mike

"Short Wave Sportfishing" wrote in message
...
On Thu, 17 Jul 2008 15:30:21 -0400, HK wrote:

Short Wave Sportfishing wrote:
On Thu, 17 Jul 2008 14:02:51 -0400, HK wrote:

...and bank-related businesses will fail in the next few months?

Wachovia Securities was raided today.

Bank of American is teetering.

Several other massive financial organizations are on a sharp downward
slide.

Gee - that must be why all their stocks have increased by a couple of
dollars or more since yesterday.

Oh yeah - increased stock value is a sure sign of a banks imminent
failure in the Land of Hope and Change.

Of course the rest of the world looks at it differently.

Yeah, that explains why Bank of America shares are half the price of
what they were last fall.

B of A has taken a massive write down from it's purchase/rescue of
Countrywide.

Even you can understand that.