Sub-prime Will Kill the Economy
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Mort Zuckerman is one of the country’s smartest businessmen and investors. He just gave a very telling interview on the sub-prime market and the issues facing the financial markets. Two things he said really grabbed me.
The real problem is that no one knows how to value these securities.
No one knew what they were buying and selling
Here’s the scary thing. On point #1, he’s referring to the nation’s financial experts.
