08.23.07

(video) When GAAP Fails: Mortgage Market Meltdown Edition

Posted in All Categories at 2:15 pm by Michael Goode

I discuss how balance sheets may not accurately reflect values, with an eye particularly towards sub-prime mortgage exposure.

Stocks discussed include TECUA, TECUB, ACA, Enron, Quaker Fabrics, NFI, CFC, and New Century Financial

Disclosure: I own no companies mentioned in the report.

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