Friday, November 14, 2008
How We Got Here: A Wall Street Tale
This is probably one of the better explanations (yes, it's a little long) of how the US and the rest of the world suffered the recent economic calamity. Hint: it's the excess, it's the greed, it's just...Wall Street Business As Usual, combined with the willing suspension of disbelief and the All-American desire for Something for Nothing. Should put the lie to the phrase, "no one could have anticipated..." because these guys did. Really good stuff, by someone who knows.