Doug Kass does a mea culpa on his bearishness

Conditions are not as bad as I had once feared.

~ Doug Kass, "Kass: Mea Culpa," TheStreet.com, March 2, 2011

Short seller Doug Kass getting long financials

While the negatives of the credit cycle, the dilutive effect of the industry's refinancings and other factors cannot be dismissed, quite frankly, I can make the case that we are now at an unprecedented point of time to get long financials.

I have added Bank of America (BAC) to my banking basket of Citigroup (C) and Wells Fargo (WFC).

~ Doug Kass, "Kass: I'm Putting My Money in the Banks," TheStreet.com, May 29, 2008