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