I always compared them to Wamu and thought WB is heaven and earth to Wamu, but several conversations recently about what they measure as credit risk and how they do it finally convinces me that this place doesn't know what it's up to yet. I am investigating the amount of exposure and talking to people inside there and will recommend to do something after FRE earnings on 5/14.
I believe it doesn't pay to do anything super hasty ahead of potential nuclear meltdown or a massive rocket shot.
The right enemy
6 years ago