Video: Peter Schiff circa 2006-07

In these video clips I was amazed at how Peter Schiff stuck to his beliefs about the severity and breadth of the impending mortgage crisis despite the ridicule and criticism he was receiving. The clips are both funny and sad. It is funny because we know his predictions were right on target and his critics were wrong. It is sad because we ignored his predictions and have suffered much. It took a lot of courage and character to stand up for your beliefs. I showed the clips to my son since he fancies himself as a stock picker.

Video: Blogger stocking up on ammunition, canned goods for recession
Allahpundit
Sat, 15 Nov 2008 02:21:44 GMT

"The Subprime Crisis Is Just Starting" by Daniel R. Amerman, FSU Editorial 03/20/2008

This article explains the financial rationale for how securitized mortgages were supposed to work and how the failure of a few assumptions turned a nice profit into huge losses.

“The Subprime Crisis Is Just Starting” by Daniel R. Amerman, FSU Editorial 03/20/2008