Comments by "CalBob750" (@calbob750) on "Warren Buffett Explains the 2008 Financial Crisis" video.

  1. Greed, greed and incompetence sounds like the outgoing (maybe)/POTUS.
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  2. IMO. Anybody with a half a brain in the investment world not blinded by greed could see this coming. Jim Cramer? Let’s buy a few million in high yield CMOs. Default, no problem they’re insured.
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  3. Buy subprime high yield CMOs. No risk they’re insured. In 2007 you could get a mortgage to buy that $500,000 house of your dreams with your $40,000 a year job. No down payment .finance the down payment with a second mortgage. Jim Cramer warned us!
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