Warren Buffett stands up for the Banksters

[gratuitous]

6. "Large numbers" Warren? How many?

And how much did they loot from those hapless lenders who didn't require anything beyond a signature on a re-finance because the housing market was so overheated and the money was too good to pass up? And how do those numbers stack up against the total losses racked up by this reckless deregulation of the mortgage finance market? How much money did the lenders actually lose? How much did individual home-buyers lose? And how much federally-insured money went where the woodbine twineth (in robber baron Jay Gould's immortal pronouncement), covering institutional losses while people were turned out of their homes and whoever swooped in first got to claim title to the lost property?

Don't expect me to feel too badly for the gang that set fire to so much money because a couple of them got their eyebrows singed.