不知道最后怎么cook book的。

one time charge?

hehe, actually my point is to remind us: stock is risky, hold on to one falling one is dangerous.

And it applys to many other things as well.

This is easy to understand. Writing MBS was very profitable until 2005, but not in 2006. The more you had in 2006, the more you lose. But they can't stop doing this, otherwise their source of capital will dry up.

The founders of NEWC got millions and millions of $ by selling their stock holdings. They are the only people making money in the end. All others are losers.

can the shareholders file a class action?

subprime mortgage lender has high risk.