With the recent crash in housing prices, the credit crisis, the Fed cutting rates right and left, many people are left scratching their heads and wondering how this all happened. The following short video gives an excellent and detailed explanation:
Month: January 2008
He blogged about his experiences. His message, to be posted in case of his death, is here. I didn’t know him. I didn’t read his blog. I only heard about this from a posting somewhere else. And yet, I was moved near to tears. Tempus fugit, memento mori.