9.15.2008

economics { Its the end of the (financial) world as we know it...

...and I feel fine.


(original article)

Brits give a good, no bullshit overview. Dow Jones is taking a beating, and a lot of it is not undeserved.

More good stuff with no bullshit can be read here.

You look back on what the banks did and its hard to feel sorry for them. They were greedy and overreaching and gaming the system and themselves. Only thing that keeps me from laughing out loud is the fact they're gonna take a lot of us with them in one way or another.

But hey when the world burns, all you can do I guess is dance.

2 comments:

GeekGoddess said...

Thanks for posting that interview with Jon Moulton. It's good to hear a perspective from outside the U.S. (even if it's bad). I was listening to MPR this morning about how the IBC (was it IBC?) was going to do a review of the U.S. banking system.

GeistX said...

Probably the IMF (International Monetary Fund), which other countries are urging us to do. Which of course means we most likely won't do it since you know its not American or something to take advice from other people.