Yahoo News posted an article listing “The Worst Predictions About 2008”.  Some of the predictions included were:

“AIG (NYSE:AIG – News) “could have huge gains in the second quarter.” — Bijan Moazami, analyst, Friedman, Billings, Ramsey, May 9, 2008

I think this is a case where Freddie Mac (NYSE:FRE – News) and Fannie Mae (NYSE:FNM – News) are fundamentally sound. They’re not in danger of going under I think they are in good shape going forward.” — Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008

“No! No! No! Bear Stearns is not in trouble.” — Jim Cramer, CNBC commentator, Mar. 11, 2008

 “In today’s regulatory environment, it’s virtually impossible to violate rules.” — Bernard Madoff, money manager, Oct. 20, 2007

A Bound Man: Why We Are Excited About Obama and Why He Can’t Win, the title of a book by conservative commentator Shelby Steele, published on Dec. 4, 2007.”

Keep the accuracy of these predictions in mind as you listen to the predictions for 2009!!!