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The consensus expected no early end to the recession, horrid loan losses at banks and a seized-up bond market where the window would open only for AAA credits.
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And we found private-label mortgage securitizations that were stuffed with horrid loans that never should have been made, rubber-stamped by rating agencies, guaranteed by insurance companies and purchased by institutional investors without anyone in the chain doing any real due diligence.
Last June, Wachovia was the first to come clean by announcing some horrid bad-loan figures.
Hopefully the $1 billion dollar loan will purchase inventory otherwise working at Circuit City this holiday season will be extra horrid.
Horrid horrid call.
Horrid flat.
How horrid!
Horrid boys become horrid men.
Isn't it horrid?
It was horrid.
Horrid, horrid, and let me say again, horrid.
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