Showing posts with label Warren Buffetts 2003 warning of the credit crunch and bank failures. Show all posts
Showing posts with label Warren Buffetts 2003 warning of the credit crunch and bank failures. Show all posts

Sunday, September 21, 2008

Warren Buffetts' famous 2003 warning of the credit crunch and bank failures

A contributing author of Seeking Alpha has dug out
Warren Buffetts letter from 2003:
"Warren Buffett warned us in 2003"

It is indeed a memorable piece in which Buffett
describes the derivates as "financial waepons of
mass destruction".