Not sure if I agree with all the theses, but at least the intro really accurately runs down all the flak-catching targets for what was known as “The Subprime Mortgage Meltdown,” and is now about to be known as “The Great Depression II.”
Man, I wish I could draw as good as this guy. Reminds me of the UPS commercials where the guy with the whiteboard is illustrating in realtime what he’s talking about. Give me that guy at a board meeting, and I could sell those rubes bags of dirt.
Happy 4th of July, America. Not sure the clock has quite yet struck the hour for another Lexington & Concord, this time with the targets being Goldman-Sachs CDO traders …
RSA Animate – Crises of Capitalism