freemont investment: "Subprime Meltdown" - Bring it On!
- 03/05/07 04:40 AM
Wow, wish I shorted New Century (again!). . . NEW has dropped 63% at the time of this post on news of federal criminal investigation into its practices.I also received an email from my Fremont Investment rep this morning saying they're closing their doors as well.The "easy money" of the past few years is coming to an end. I, for one, welcome it. I look forward to the weeding out of the uninformed, unscrupulous, and just plain uneducated when it comes to this industry.I welcome moving towards a day when I don't have to explain to underwriters and account executives how … (3 comments)
Wow, wish I shorted New Century (again!). . . NEW has dropped 63% at the time of this post on news of federal criminal investigation into its practices.I also received an email from my Fremont Investment rep this morning saying they're closing their doors as well.The "easy money" of the past few years is coming to an end. I, for one, welcome it. I look forward to the weeding out of the uninformed, unscrupulous, and just plain uneducated when it comes to this industry.I welcome moving towards a day when I don't have to explain to underwriters and account executives how … (3 comments)
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