"As for the idiots who lent (often without down payments or documents) to the idiots who bought speculative homes, they deserve to lose. People must understand this simple fact."
from: "Making Sense of the Current Capital Markets Disarray"
"Our pressing danger is not that many folks will go broke, but rather that opportunistic politicians will bail them out and insulate them from past and future folly."
from: "House of Pain: Why Failure is Important"
No comments:
Post a Comment