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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (38535)8/20/2005 1:17:22 AM
From: John VosillaRespond to of 306849
 
<In 2002 legendary investor Warren Buffett in an interview with the New York Times commented that he had accumulated his wealth without the use of derivatives and that he regarded them as 'financial weapons of mass destruction',>

He might want to add option ARM's, IO, no doc and no money down mortgages to that list these days<g>


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