If you're wondering what happened to Lehman and Merril Lynch and Bear Stearns...
...and Fannie Mae, Freddie Mac, and my 401(k) (and, fine, yours)...
This is, by far, the clearest explanation of what happened to the housing bubble, and the economy, that I have come across:
http://www.youtube.com/watch?v=mRmFEpl74sI
Wait...that's not it.
Here it is: The Giant Pool of Money
I'm telling you, it's worth the listen.
This is, by far, the clearest explanation of what happened to the housing bubble, and the economy, that I have come across:
http://www.youtube.com/watch?v=mRmFEpl74sI
Wait...that's not it.
Here it is: The Giant Pool of Money
I'm telling you, it's worth the listen.
posted by Heather Gately at 11:44 PM
3 Comments:
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