Sunday, October 12, 2008

Staring at the Abyss

In December, 2007, the Nobel Laureate and Columbia professor, JOSEPH E. STIGLITZ, wrote a Vanity Fair article that really sticks it to the current US President: The Economic Consequences of George W. Bush.

A scant ten months later, we have Christopher Hitchens comparing America to a Banana Republic, not without ironic precision. But to understand the "subprime" thing, it's good to start with The Giant Pool of Money -- some 70 trillion US dollars of it

What was the SUBPRIME CRISIS all about?

And how did it lead to the FINANCIAL CRISIS of 2008?
I'm in a cheerful mood aren't I?

1 comment:

Anonymous said...

Try the audio link given in this one: