Sunday :: Apr 4, 2010

Open Thread


by Mary

An oped from Michael Burry, who knew the mortgage market was a house of cards well before the rest of Wall Street. Mr. Burry has a stinging indictment of Alan Greenspan who lit the match of the financial bomb that just about destroyed our economy. You can read his analysis here and you can learn (excerpt) more about him in Michael Lewis's new gripping financial thriller, The Big Short. There were some people who got extremely rich betting against the system. Mr. Burry was one of those people. Although, it must be said, he tried to warn the market and investors that the mortgage market was bound to collapse.

Mary :: 12:00 AM :: Comments (2) :: Digg It!