Neil Cavuto vehemently defends subprime, and denies that increasing defaults represent a threat. When Peter Schiff tries to explain the severity of the situation, Cavuto not only accuses Peter of way overstating the subprime problem, but promises to prove Peter wrong in a year when he has him back on his show. However, Cavuto also promises that if he is the one ultimately proven wrong, and if Peter Schiff turns out to have been right, that he will never have Peter on his show again. Well Peter Schiff was right and Neil Cavuto kept his promise. Since the 2008 financial crisis officially began some nine months later, Neil Cavuto has not invited Peter Schiff back on his show.
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