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...
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2 comments:

  1. Steve Bates4/14/08, 5:05 PM


    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

    ReplyDelete
  2. ellroon4/14/08, 10:30 PM

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

    Start patching those pants!

    ReplyDelete