Archive for the ‘meltdown’ Category

Wednesday, October 1st, 2008

Michael Lewis subprime parable

by Warren

Michael Lewis, the author of “The New, New Thing,” recently rented out the biggest mansion in New Orleans, a house he’d lusted after as a boy and found overwhleming once he moved in. He also found that being inside a house thats way beyond your means, even if you’re renting it, says a lot about both the American psyche and the subprime mess the US currently finds itself in.

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