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September 26, 2008

Excellent primer on the current financial crisis

This is an excellent summary of how the current credit meltdown unfolded.  It’s not high-brow economics, but clear and easy to understand.  I’d recommend it for anyone who is trying to get their bearings right now.

  • Author robchogo
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  • Lee Hower
     - 48 minutes ago
    @urbanpat in technical default yes, but an unknown number are deferred without meaningful ability to repay (e.g. quasi-default)
  • Rob Go
     - 1 hour ago
    Great post from a great essay from @paulg "starting a startup is where gaming the system stops working" http://t.co/h4EjFZSQEj
  • Rob Go
     - 1 hour ago
    @fdestin that is so cool. where is it?
  • Rob Go
     - 1 hour ago
    RT @nyse: Stunning shot of the facade this morning as we get ready to welcome @Wayfair http://t.co/D27PbEnEUY
  • Lee Hower
     - 1 hour ago
    RT @nyse: Stunning shot of the facade this morning as we get ready to welcome @Wayfair http://t.co/D27PbEnEUY

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