Reggie Middleton's been kinda scary right lately about financial and other institutions being caught in less than ideal financial situations. No one big, just Bear Stearns, Lehman, GGP, MBIA, Ambac, Goldman Sachs, maybe another 32 or so banks he called "doo doo." No, really. He literally referred to them as "doo doo." Is it any wonder I'm a fan?
Anyway, his latest reiterated target is JP Morgan, which he calls insolvent, possibly related to some WaMu-induced indigestion. Possibly not terribly unlike my squeaky-ball indigestion of some moons ago, which sadly required surgical attention, not to mention ritual sacrifice of not a few Benjamins. But the surgical attention was the really ouchy part. For me, at least.
I'm sure this solvency concept is completely overrated. So move along, nothing to see here.
Remember, though: squeaky balls are for squeaking, not scarfing...
2 hours ago
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