Seth Klarman

[Zorrofan]

Sorry if this has been posted previously....

 

http://online.wsj.com/article/SB10001424052748704167704575258442772338282.html#articleTabs%3Darticle

 

cheers

Zorro

[Investmentacct]

Thank You Zorro for Article link. Excellent one. Concur with Klarman, as I see few ppl daily who lost heavily speculating in outskirt housing markets in Los Angeles, now again started talking about finding cheap mortgages too hard to resist.  Govt. indeed has created speculating markets.