 Romney2012Defeat Obama 2012-Chg we can believe inPremium
join:2002-03-03
USA
kudos:4 | Warren Buffett interview on the financial meltdown It is a good read. A lot of what he says makes good sense:
»news.yahoo.com/s/fool/20110214/b···rx112452 |
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| This part seems really true:
"But every aspect of society contributed to it, virtually." |
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 dogmaXYZPremium
join:2002-08-15
Boulder City, NV
kudos:1 | reply to Romney2012
I have never been a big fan of Buffet. However
I am in full agreement with these observations;
On leverage [AKA: Debt]: If you don't have leverage you don't get into trouble. It's the only way a smart person can go broke. I always say: If you're smart you don't need
it, ...and if you're dumb you shouldn't be using it.
On regulators' contribution to the crisis: I don't think even the president of the United States could have stopped it by rhetoric.
If any president campaigned on a program of 30% down payments and verified income, they might not get impeached but they sure as hell wouldn't get reelected. |
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 lolwhatYou're getting warmerPremium
join:2001-06-11
PonziWorld | reply to cmaenginsb
Well, I guess we're near the top of the market when big names in the financial industry are so blatantly covering their asses.
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Tutto nelle banche, niente al di fuori delle banche, nulla contro le banche |
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