Just in case you were wondering what is going on in the stock market, this whole mess was probably due to some short selling we did at our fund. Greenspan lowering rates too far and for too long, homeowners buying above their means, Wall Street carrying toxic debt at ridiculous amounts of leverage, and mortgage companies lending to just about anyone are really red herrings.
Now that Cox at the SEC has given us a firm talking to, we promise not to do it again.
Really.
Carry on.
1 comment:
oh, and send a check when you can.
thanks!
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