6
Mar
Timeline of Our Financial and Housing Crisis
It's ironic that excess spending (buying homes well beyond any realistic debt to income ratios, home equity loans exceeding 100% of value, etc.) got the economy into this mess and now many believe unbelievable excess spending will get us out of this depression.
But, far more ironic is the fact that the same politicians that were warned about just this situation, and chose to ignore the warnings, are the very people now still in power who are saying they have the right ideas on how to fix the problem.
[youtube]cMnSp4qEXNM[/youtube]
Recent Related Posts:
The Greater Depression – Jim Rogers Interview
Eternal Optimism Meets Reality or Know When to Fold Them
Housing Bust –Ideas to Cure & Prevent in the Future