Seeing that few "regular" folks are financial analysts, the current credit crisis is a mindboggling mystery. What we do know is that our kids might have trouble going to college, our parents aren't retiring any time soon, and in a few months porridge and dirt will be commodities. Why?
Well here are two commentaries that might have a bit of insight. The first is from Paddy Hirsch, Marketplace's Sr. Editor, who metaphorically compares lost mountaineers in the Antarctic to the current failing banks. Best explanation around. The second is from my man ABOVE, who uses the banks as a prop for their own failure.
Showing posts with label down the drain. Show all posts
Showing posts with label down the drain. Show all posts
Tuesday, October 14, 2008
What Goes Up, Must Come Down (But Not Me Clown)
Posted by
DUKES
at
7:42 PM
8
comments
Labels: above, antarctic, down the drain, economy, graffiti, paddy hirsch
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