Points to Ponder Regarding the Subprime Mortgage Market Collapse

My conclusions:

   1. There’s blame enough to go around.
   2. Those who do not remember the past are condemned to repeat it.
   3. If it sounds too good to be true, it probably is.
   4. If you don’t understand it, don’t invest in it.
   5. What goes around comes around.
   6. It’s still good to be the little pig who built his house of brick.
      
"It's sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end." - Warren Buffett, commenting on banks and investment banks that designed and marketed complex investments that have since gone sour, as reported by Reuters News.

(ag) March 25, 2008, in Subprime