7.01.2008

Countryfried Tuesday

Today is the day the B of A - Countrywide merger is supposed to close. Will B of A do it? They're sure acting like it. I must admit I'm amazed that they've been stubborn enough and stupid enough not to have broken it off yet.

On a related note, would someone please indict Mozilo so he can serve some prison time before he dies of skin cancer?

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...