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Subprime Crisis Hits Those Who Created It [The Riches]

Posted on July 07, 2008

While the merely superrich have been unable to sell or buy homes in the Hamptons for some time now, the mega-rich have continued purchasing giant estates for absurd prices. But as Vanity Fair explains, no more! Now there is precisely one man rich enough to buy a Southhampton property for an insanely inflated price, and he is the man who predicted and bet on the subprime crisis taking the toll it has. Now former Bear Stearns employees are worried about their mortgages, JUST LIKE REAL POOR PEOPLE, and it's all very, very, very sad. Listen to just how sad it is! I do have clients who worked a...


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