"No one predicted the severity...of the housing downturn" - Angelo Mozilo.
"Nobody was prepared [for this financial crisis]" - Robert Rubin.
You know, I doubt that anyone reading this blog would ever fall for such a line. But just in case you know someone who is susceptible to this type of blatant, self-serving lie, go ahead and point them to the following resources.
This weekend, the Financial Sense Newshour is rebroadcasting some past interviews with guests who made some prescient calls on the markets and the economy. Even if you know the score, you may want to go back and listen to some of these fascinating interviews to get an insight into financial events that have since unfolded.
Whether we're talking about the rise in tangible assets and commodities (Jim Rogers and Barry Bannister in 2005), historical patterns of bear markets (Donald Coxe and Russell Napier in 2004 and 2006), or the emergence of the credit bubble and the ensuing real estate bust/credit crisis (John Rubino, Doug Noland, and Bill Fleckenstein in 2004 - 2008), it's all here in one great financial broadcasting retrospective.
Very timely, and quite the coincidence, as I was just remarking to a friend (the day before I saw this rebroadcast special) that some of these FSN interviews were terribly overlooked and unnoticed by mainstream financial observers at the time of their original airing.