Posts Tagged ‘financial crisis’
my favorite crazy rich guy
Mark Cuban offers a private alternative to the government bailout. He’s in for $50 million. I’m no economist, but it doesn’t sound like a half bad idea.
Side-note: This past winter, I frequently used the tag “debt crisis,” suggesting that I thought the crisis would be limited to the issue of housing debt. How quaint. I am now using the tag “financial crisis,” but I’m contemplating upgrading to “all out shit storm.”
slow news: housing finance crisis is really, really bad
slow news – May 21, 2008
By Alex Bloomberg and Adam Davidson for This American Life
A can’t-be-missed, utterly fascinating examination of just how the housing finance crisis happened (put into baby words for the non-economists among us). As always, TAL is able to put a human face on the issue. One of the conclusions of the piece is the next few years are going to be a lot like the 1970s malaise era, but not quite the 1930s. I fear this is optimistic. After listening to this episode, I had the overwhelming feeling that the U.S. government is going to have to implement some kind of broad debt relief program.
What think you, readers?
