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From: jon <skarmk...@hotmail.com>
Date: Thu, 16 Aug 2007 16:44:18 -0700
Local: Thurs, Aug 16 2007 7:44 pm
Subject: Re: Why Non-financial Taking a hard hit
Street has taken a lot of people's hard earned dough. Bankcrupted
companies didn't reveal a thing until they announced the chapter 11 or outright bankcruptcy. I wonder why didnt SEC chairman Cocks, who was a house of rep from California, do a thing before harming the little guys. Are there rules that supposed to protect the investing public? Why didn't companies (all CDOs related firms) come clean like european companies telling public how much they have asset written down? Nothing is better than a vote of confidence. Now we all are in the dark. As long as the CDO markets remain illiquid, investing public around the world won't go long. No one knows when will the next bombshells to come. What a financial terror Street has created and exported to the world. This stock has limited upside due to unknown and the downside is measured by anything negative including chapter ll. You must Sign in before you can post messages.
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