Showing posts with label real financial panic. Show all posts
Showing posts with label real financial panic. Show all posts

September 04, 2007

Peter Schiff lays out the mortgage meltdown and housing crash, and sets the CNN studio on fire on the way out

Nice to see him hold his own and hold it together against the CNN homedebtor reporter interviewing him, whose disrespect and "blame the messenger" attitude were kinda weird. Bottom line: He was right. He is right. And people are just now waking up to the cold hard truth.

At what point do interviews like this filter down to the sheeple on main street? At what point do they get it? At what point do ma and pa decide to put the home on the market and sell at any price?

Hat-tip Doom for the video.