Sorry - YouTube has mangled the video and the sound is stuffed. I can't seem to fix.
Mish alerted me that Land America had filed bankruptcy. Its a company I used to follow - but I never shorted.
This is a gem - an interview from only 18 months ago.
The money quote: "the United States real estate economy is the envy of the world... the ability to create value out of real estate by taking mortgages and securitising them..."
And this was the seemingly boring business of title insurance!
2 comments:
Anonymous
said...
Poor quality clip, skips a lot, video out of sync with audio, sorry John but this is just a pain to watch.
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A note on humor
I find Americans sometimes do not get a British or Australian sense of humor.
If something on this blog makes you really angry I suggest you read Swift's Modest Proposal... you will find the link here.
2 comments:
Poor quality clip, skips a lot, video out of sync with audio, sorry John but this is just a pain to watch.
Off topic about Bair and Geithner. I know who you are rhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aTFflUwD.Qbg&refer=homeooting for.
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