Saturday, November 18, 2006

Could I Have That Again In English, Please?

Read an intriguing transcript of part of a conversation among analysts and a Citigroup representative, published in a blog post entitled "Conference Calls: Like Catching a Snake in the Grass." (Thanks to reader Idaho_Spud.)

I understand this blogger's confusion and paranoia. Too bad the big players can't speak more plainly. No wonder the ordinary investor doesn't trust 'em.

[Thanks to for the image.]

The blog also has a link to this amusing video at Youtube on the real estate market. I happen to know a fellow who is contemplating bankruptcy because he got caught in the mortgage rate and equity squeeze, so perhaps this pessimism is catching on.


Blogger Idaho_Spud said...

Is it paranoia or is it healthy suspicion - brought on by the likes of Global Crossing, Adelphia, Enron, HealthSouth, Enron, etc, etc, etc, etc, etc?

These guys have a 6x increase over the previous reporting period and won't state unequivocally where it came from.

Arthur Andersen the company may be no more but the criminal class that they once employed are still around. They have also probably devised creative new ways to cook the books at other companies. Possibly even at Citi.

I'm frankly amazed that FNM shares have *any* value, given that they haven't reported earnings for two years. More amazed that FNM is still listed on the NYSE.

I'd rather do business with a carney. At least he isn't trying to make me think he's on the up and up.

12:12 PM  

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