Posted 10/5/2009 19:02 (#872198) Subject: Yikes, another cry of fire in a crowded movie theatre
Whitney Tillson released some comments today saying that HUD currently has taken on more leverage than Bear Stearns before its collapse last fall. Tillson was one of a handful of folks who predicted the subprime meltdown that lead to the banking collapse. I didn't know HUD could leverage anything. I guess the alarm is being sounded, but I don't know what it means.