“It’s only when the tide goes out that you know who has been swimming naked” Warren Buffet
Really? Warren Buffet said that! … at least according to Sheldon Drobny in a post from November 20th.
When I see Herb Greenberg on TV, I watch and listen and he was discussing Goldman shorting the mortgage market when they were packaging and selling sub-prime and this was last November as well. With the consequences coming home to roost, Mises.org posted an article, “Don’t Blame Subprime Lenders!”. Then there are those lost to all this turmoil as another writer with Marketwatch, Theresa Poletti, writes in “Silicon Valley Entrepeneurs in their own bubble”. And now a count is being taken for mortgage lenders imploding at ml-implode.com.