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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 2 December 2012

Kyle Bass     http://www.bloomberg.com/video/bass-says-half-his-firm-s-money-in-subprime-bonds-DfesKbJNSrSa3mw9TJR7Xw.html


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2 comments:

  1. Anonymous2 December 2012 at 22:23

    I had seen that before and it struck me that in the meantime before everything blows up, he's banking on the Fed's backstop. Another pretty good 'indicator' that the can is going to be successfully kicked down the road for a while longer.

    ReplyDelete
  2. Chartrambler3 December 2012 at 10:10

    Yes it certainly seems that way.....

    ReplyDelete

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