Cramer called it! BOTTOM! We have hit the sub-prime bottom. Sure we are going to have a massive amounts of mortgage resets next March OR somehow, the teaser rates are going to be locked in thereby obliterating the MBSs that hold them but somehow this is all going to work and we can start breathing easy and again invest in Countrywide, Wells Fargo, HSBC, MCI, Enron and Arthur Andersen. Phhhheeewwwwwww, thanks Jim!

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CalPERS Fail

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