Manufactured Homes

I have talked about the fact that the modern banking system has collapsed and has triggered a financial tsunami, but now I will talk about the ‘weapons of mass destruction’, not those - purported to be found in the Middle East, but the financial weapons of mass destruction - derivatives. I will quote Warren Buffet, the world’s greatest stock market investor, in his Chairman’s Letter in the Berkshire Hathaway 2002 Annual Report: “We view them (derivatives) as time bombs both for the parties t

Continue here: Banking Crisis - The real Story (Part 2)