If you are looking for the epic motorcycle journey blog that I've written, please see the Miles By Motorcycle site I put together. 
  • Buffet speaks on the Real Estate Bubble and Mortage Financing
    05/07/2006 8:35AM
    As reported by cnn.com:

    Buffett: "Dumb lending always has its consequences. It's like a disease that doesn't manifest itself for a few weeks, like an epidemic that doesn't show up until it's too late to stop it Any developer will build anything he can borrow against. If you look at the 10Ks that are getting filed [by banks] and compare them just against last year's 10Ks, and look at their balances of 'interest accrued but not paid,' you'll see some very interesting statistics [implying that many homeowners are no longer able to service their current debt]."

    You can read the full article here.