Saturday, November 15, 2008

Anyone who does numbers, finance, law, or pretty much anything else in or near the world of money for a living will (I predict) find this article absolutely fascinating, stunning, and horrifying all at the same time.

It's about the bubble and then meltdown in subprime mortgages, and especially the financial folks who made it happen.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom

It's not easily summarized. But I learned quite a bit.