Monday, April 14, 2008

Volcker and Stiglitz speak

And tells the financial systems where they went wrong with this new crisis (more video at the Calculated Risk link):



I think he may actually know what he's talking about....

And

Stiglitz: Worst Recession Since the Great Depression


He also can see what is coming.

This is going to be .... interesting...

2 comments:

Steve Bates said...


Holes in my confidence
Holes in the knees of my jeans
I was left without a penny in my pocket
Oo-we I was about destituted
As a kid could be
And I wished I wore a ring
So I could hock [it], I’d like to hock it.

- P Simon

ellroon said...

Hocking won't get you very far if there's nobody who can buy it...

Start patching those pants!