Here is a guy who used the signs everyone had available to them and bet the assets of his hedge fund that the deteriorating housing market would get worse. So far his fund has doubled in value in a few months, while other funds have disappeared leaving investors out billions of dollars. There has been so much info available regarding the easy lending market that it shouldn't have been a surprise to anyone that it has collapsed. Four page article......
http://www.iht.com/articles/2007/08/19/business/mortgage.php?page=1
Missed signs led to mortgage meltdown
By Nelson Schwartz and Vikas Bajaj
Published: August 19, 2007
NEW YORK: All through last year, Jim Melcher saw the signs of a rapidly deteriorating American housing market - riskier mortgages, rising delinquencies and more homes falling into foreclosure. And with $100 million in assets at his hedge fund, Balestra Capital, he was in a position to do something about it.
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Bernanke and what he is doing towards the credit crunch. Video...
http://link.brightcove.com/services/player/bcpid959009704?bclid=979307711&bctid=1137833094
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