I always thought those analysts in Wall Street were mostly over-rated consultants who can sell just about anything, including your toilet bowl, by packaging it through elaborate bullshit couched in high-falutin' language to impress clueless investors.
When I hear them talk on Bloomberg or CNBC, I feel like punching them in the nose, because they're basically just quoting each other. Of course I'm sourgraping, they're earning millions for saying something that really amounts to nothing! Ugh! Bye Lehmann. You deserve it. It amazes me that they were able to market mortgage-backed securities that were tied to sub-prime assets.
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