Monday, October 6, 2008
"... the economy? Hell, I don't know nothin' about the economy. Well, I know this: couple of years ago friend of mine was thinking of selling his home since its appraised value had shot through the roof and I said to him 'if you're gonna do it better do it now cause trouble is brewing in the housing market... could see valuations decline by 20, 30 percent... economy reeling in the wake...'. I said that, I knew that, just by being somewhat well read, and all I can say is if I knew it the pros obviously knew it and with much more insight and nuance than I could ever hope to muster. So why'd it happen? Why'd they let things get so bad? Cause that's what people do..."
