Martin Whitman-The Residential Mortgage Meltdown And Housing Collapse

Read the full article at: http://thirdavenuefunds.com/taf/documents/shareholderletters/aboutus-letters-07Q4.pdf
(via thirdavenuefunds.com)

Annual shareholder letter from Martin Whitman: “The mortgage meltdown-housing collapse seems nothing new for the U.S. economy. During the last 60 years, virtually every sector of the American economy has gone through depressions as bad as anything that occurred in the 1930s.”