[oblomov]

Consider the mysterious sell-off in the equity markets on February 27, 2007.

This was the entry point on the short side for some well-informed market participants.

The next warning was major quant funds blowing up in September-October 2007. Historic relationships between markets started to break down then.

S&P 500 topped out on October 31, 2007.

[DJ MacWoW]

Btw, in the video, at about 1:47, Kanjorski says that Sec Paulson said, "Let's buyout the subprime mortgages" Why? For what purpose? Isn't THAT what started the mess?

Rep. Paul Kanjorski: America's economy was attacked 'by somebody' on September 11, 2008