The "mortgage crisis" was created and fueled by the media machine. It did not exist. I have challenged in multiple venues for any talking head/journalist to demonstrate with positive proof that one REIT or Hedge Fund lost money prior to September 11, 2006 because they invested in subprime mortgages. They will not respond - because they can not respond. When Warren Buffet starts considering purchasing an "ailing" subprime mortgage giant like Countrywide you know I am right.
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Thursday, August 23, 2007
There IS (was) No Mortgage Crisis
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