The financial events of recent weeks have filled many of us with shock and panic. Surely no one could have predicted that we would be in this mess? Well, actually, they did. Here are ten people who saw the financial meltdown coming…
Only one American pol makes the list. At number 10:
Ron Paul – Republican Congressman
Back in September 2003, Mr Paul told a House Financial Services Committee that: “Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
“This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions.” Of course, if we are going to give Mr Paul credit, than we should also highlight the efforts of Peter Schiff, his economic advisor and long-time economic hawk.
Via @ATask, “It’s incomplete + subject to interpretation.”
I guess so. At number 4 is Henry Weingarten (astrologer) “head of the Astrologers Fund, a New York firm that advises businesses on the basis of planetary movements.”
Given the track record of most of the pros, why not consult an astrologer?