Friday, September 01, 2006

I'm consistently amazed at how poorly I communicate my paranoia and hysteria

"The oldest saw in banking is that bad loans are made in good times," [says Frederick Cannon, an analyst at Keefe, Bruyette & Woods Inc., which specializes in the financial-services industry.] "We have never really faced a weakening housing market with the structure of the mortgage market as it is today."

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