Explaining the sub-prime crisis to clients

Dan Richards, president of Strategic Imperatives Ltd., describes the sub-prime crisis from its roots in the alternative mortgage market; through the securitization of high-risk debt; to the collapse of the investment banks that held those investments; to today├óÔé¼Ôäós bear market and market volatility. He points to Warren Buffett├óÔé¼Ôäós conviction that the some company├óÔé¼Ôäós stock prices represent great long-term value. He spoke at the TSX Media Centre in Toronto.

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