Bad News Compounded
If you think negative-reverse-compounding might be a new term to express your investing returns recently, you might be right. Given the plethora of bad things happening to what people believed only a few months ago were such good markets, it’s no wonder people wonder. Just last week we saw the deposal of CEOs, particularly Angelo Mozilo, late of Countryside Financial (NYSE: CFC) and Chuck Prince, former Citigroup (NYSE: C) head honcho. The cliffhanger—or maybe not—is that the FBI, according to a Fortune online report, is rumored to be ready to begin investigating what went on at Countrywide. And why not?…