Interesting commentary on the sub-prime situation with the author raising some good questions such as "Am I the only one who wonders how a person who borrows money he can't repay, buys a house he can't afford, and then stiffs his creditors, is allowed to play the victim?"

James Altucher of Stockpickr says, "In this article, I want to focus on the Dogs of the Magic Formula: the 10 stocks that have been crushed over the past year that now meet the other criteria, which are described below."

Disclosure: I own shares of BRK, OVTI, TRLG, and CRYP

A closer look at the one of the largest mortage lenders Countrywide Financial in a challenging housing market.