I did, by the way, hear exactly this on NPR about 3-4 years ago. I was driving through a town near here, I remember where I was, because I thought, I have got to remember I heard this. I have to remember. I hope they're wrong, but they say this collapse will happen in about two years, starting with subprime mortgages. I can't remember who the speaker was, but she did mention Fannie Mae and Freddie Mac being in trouble.
It's not like nobody knew. It's just that nobody wanted to hear. Fingers in ears!!
And people just keep stuffing more cotton in their ears. So much important being said, but not reported. Except on really good blogs.
Sigh.
Enjoy!
The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
Peter Schiff | ||||
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