Tuesday, February 12, 2008

Quote of the Day

Brought to my attention by The Big Picture. Click here for other subprime related posts that Morty and Moishe Recommend...

"I wouldn't quite call it a credit crunch. Money is available, and it's really quite cheap because of the lowering of rates that has taken place.”
...he said what had taken place was "a re-pricing of risk," leading to an "unavailability of what I might call 'dumb money', of which there was plenty around a year ago."

-Warren Buffett

1 comment:

Mosihe said...

moishe had the pleasure have watching buffett on CNBC this morning, what a nice way to wake up