(video) When GAAP Fails: Mortgage Market Meltdown Edition

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.

Leave a Reply

Your email address will not be published.

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.