« Public Biotech: The Next Credit Crisis Victims | Main | Larry Summers: Odds Now Favor a Recession »
Latest Stories
- Excel Wankers and Recession Averages
- Sorry, New York is Closed. Check Back Later.
- Catching Falling 2009 Earnings Estimate Knife
- Survivorship Bias in Global Markets
- Talking Positions on a Lazy-ish Retirement Portfolio
November 25, 2007
Subprime Quote du Jour: Balance Sheet Metaphysics
Okay, okay, even I'm getting a little subprime fatigued, but you have to be at least mildly chagrined/amused/appalled by the following quote from a story on the subject in tomorrow's WSJ:
"There is a large amount of borrowers who are in products that either no longer exist or that they no longer qualify for," says Banc of America Securities analyst Robert Lacoursiere.
Whoa, now there's a true off-balance sheet metaphysical exercise for you: "Right, we don't count those because they don't exist. Sorry."
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
