Now if "The Biggest Idiot in the Room" Mike Norman would do the same. And then David Lereah. And then Greg Swann. And then Lawrence Yun. And then Nicholas Retsinas. And then Catherine Reagor. And then Angelo Mozilo. And then Bob Toll. And then Kendra Todd. And then Neil Cavuto. And then Larry Kudlow.
And then every other REIC cheerleader who ignored the truth, and lied and spun (or simply made an ignorant mistake) these past few years would apologize to Schiff and to HP'ers and to America.
I'm not holding my breath.
I've gotta say though, cheers to Ben Stein. Very classy move. You're OK by me. Thanks Ty for the link...
Next, here’s a lesson I learned in a 12-step program and should have learned better: avoid contempt prior to investigation.
When the financial stock meltdown started, I was on a television show with Peter Schiff of Euro Pacific Capital, who warned that Merrill Lynch could be in very bad shape. I glibly said that I thought that its problems were limited and that the stock was a buy.
Mr. Schiff was completely right and I was wrong. I had no idea that Mother Merrill, where I have been a happy stockholder for years, had been turned into a such a wild house of high-stakes gambling.
I apologize to Mr. Schiff for my dismissal of his views, which turned out to be far superior to mine in this area. (I could do without his acolytes sending me endless hate mail, though.)