“He went on to claim that the pair “don’t have any net worth..”
Leave it to Buffet, to summarize in 5 words, the root cause of an astronomical financial debacle.
Disciple of Ben Graham. He only looks at the value of a thing.
No kidding. Actually, I think they have a negative net worth. Recent articles expose banks and institutions withholding foreclosed home for sale so as not to deepen the equity crisis already on their books. Were all loses to come to light the melt down would be on - so to speak.