This Looks Like the Opposite of an Opportunity

Saw this today.

First, Whitney didn't predict squat. She "predicted" that Citigroup was in trouble in Fall 2007 a week before Chuck Prince resigned and that Merrill Lynch and Lehman were in trouble two weeks before they collapsed. That's called being Captain Obvious. I started telling people to get out of real estate in December 2005, ratcheted it up in December 2006, and set off flares in April 2007. Where's my genius award?

Second, given the cost of financing and the lack of regulation of buyers, all this opportunity is going to do is going to do is concentrate yet more wealth in the hands of the 1%.