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Mozilo: 'no One Predicted' Current Housing Bust

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Yes, this is from the orange man...

"The problem that we face today was unanticipated and is much more severe than any cycle in the past. ... It bears noting that no one predicted the severity and force of the housing downturn that followed."


Really? No-one could see this coming?

Anyone care to post links to economists, central bankers, books and websites that warned about this impending mess years ago?

Edited by BandWagon

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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