Banking Law

While unsuspecting subprime borrowers are being swept away by a tsunami of foreclosures, yours falsely is about to be swept away by a tsunami of contracts. Therefore, in lieu of actual blogging, I'll merely post a couple of videos worth watching for no other reason than when I see something that irritates me, I must share the pain. I may or may not be back this week.

First up, gasbag Chris Mathews of MSNBC's "Hardball" goads perennial screamer Jim Cramer of "Mad Money" into making a prediction on a January 18, 2008 show that within two or three weeks, a number of large private mortgage and CDO insurers will fail and, when they do, the Dow Jones will lose at least 2,000 points.  Chaos and collapse will follow. No one ever has any of these blowhards back on their show to call "dumbass" on them. That task falls to the lonely blogger.

The second little slice of heaven is a CNN "Your Money" clip from last week in which the gentlemen bloviator almost comes unglued near the end of the segment at the prospect of bank failures. Apparently, it's a theme that's haunted him for some time. Well, start stocking up on Qualudes, pal, because a change is gonna come and banks gonna be failing.

It's not pretty seeing a grown man panic, is it?