Eugene David
...The One-Minute Pundit

Thursday, February 08, 2007


"This is a material negative surprise for HSBC," said John-Paul Crutchley, an analyst at Merrill Lynch.

I like that Wall Street talk. A material negative surprise when a bank lusts after customers for sub-prime mortgages and it gets burned by the implosion in the home-building biz?

And some "loan producer" we never heard of got similarly walloped. And Toll Brothers keeps talking of upticks. Hey guys, I think you and your fellow McMANSIONERS upticked your way into a bubble.

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