by Sixstrings » Tue 05 Jan 2010, 20:17:37
Wow, that wayback machine is really something.. you can actually browse the forum the way it was in '04.
For example, here's a post from April '04:
$this->bbcode_second_pass_quote('', 'I')n his letter Warren Buffet has called the derivative market a financial weapon of mass destruction which is about to blow. He especially mentioned Fannie and Freddie which are the biggest players in that field.
Only a few months ago Greenspan warned that the sheer size of Fannie and Freddie posed great danger to the financial stability of the US. He also reiterated that the government would not bail them out in case of problems.
Those problems appear to have arrived today. An investigation has been opened on Fannie Mae.
Pretty fascinating from an historical perspective.. my understanding was that Greenspan never saw this coming, nor Buffet. (by the way I know there are archives on peakoi.com, but it's kind of neat to browse the past the way it looked then)