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The cause of the financial crisis in one simple sentence :)

Read: http://www.nytimes.com/2009/10/14/opinion/14trillin.html?_r=3

Comments

  1. October 15th, 2009 | 3:55 pm

    and french derivative desk in wall street are strong, everyone from Central, X, Mines…thanks guys!

  2. October 15th, 2009 | 4:15 pm

    ha ha… shame on all of you, smart guys!

  3. October 15th, 2009 | 6:39 pm

    That article makes no sense. Barney Frank is the guy to blame!

  4. October 15th, 2009 | 7:51 pm

    Bring on the 100% tax on incomes over 200k!

  5. October 15th, 2009 | 11:07 pm

    Well there is the sticky problem of easy money policy. 0% cost of money does not exactly drive a grueling decision making process does it?

  6. October 18th, 2009 | 2:13 pm

    Fred: I am working on a blog post which partly covers that right now…

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