Friday, November 20, 2009

FHA problems looming

"Yesterday's subprime is today's FHA."
- Toll Brothers CEO, Robert Toll.

Toll Brothers is the largest U.S. luxury homes builder. You would think he would spin things positively.

Note: Robert Toll has sold almost 7.5 million insider shares of his company stock in September, 2009 alone. Apparently, he's not just sounding the alarm bells randomly--he's acted upon it.

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