Great link Kev. I have never heard of Wilbur until your link and quite frankly I think the guy is incredibly bright once you get past the dead pan delivery. The guy has brass ones, getting into the mortgage market now because someone will need to finance all those foreclosures next year is really cutting against the grain but he didn’t get where he is by being a nut job and his opinion of securitization was spot on. I realize he is just picking over the bones of the failed companies but homeboy has s%$# together in his analysis. I like the thing he said about it taking people a while to fully understand that things are different now, I always knew there were really rich and powerful people who think like piggintonians.

Great link Kev. I have never heard of Wilbur until your link and quite frankly I think the guy is incredibly bright once you get past the dead pan delivery. The guy has brass ones, getting into the mortgage market now because someone will need to finance all those foreclosures next year is really cutting against the grain but he didn’t get where he is by being a nut job and his opinion of securitization was spot on. I realize he is just picking over the bones of the failed companies but homeboy has s%$# together in his analysis. I like the thing he said about it taking people a while to fully understand that things are different now, I always knew there were really rich and powerful people who think like piggintonians.