Mr. Wittenberg's interview is now available. Also the quarterly statement should be out by August 13, 2008.

I see this selloff but it makes no sense. It is an orchastrated event as far as I am concerned. You all know the players involved.

Keep in mind the new rules for the bank stocks. They are not allowed to short the bank stocks because of the potential harm it could cause in this environment.

I see it as a few people with a bunch of shares spewing ideas that the sky is falling. This prevents the average shareholders from bidding on the stock. Instead, The guys with lots of stock let a few hundred thousand shares into the sell column and induce the stock to fall. Yes they lose a little bit of money but they continue the fear such that they can repurchase at a lower rate anyway.

IMO This event will correct itself and we will return to an upward trend.