Unless you live under a rock you’ve probably heard that Congress voted down Hank Paulson’s bailout plan and then the Dow lost 777 points. The fundamental question is: why was it voted down? There’s a lot of speculation that it’s due to the deal being unfair, it being too kind to Wall Street, etc., but… Continue reading A Failure of Metaphor
Tag: Storytelling
The Giant Pool o’ Money
I just finished listening to This American Life‘s story on The Giant Pool of Money a.k.a. how the subprime mortgage fiasco became the credit crunch. It’s a fascinating story, made all the more real by their “man on the street” interviews. I highly recommend listening to it so you can get a taste of the… Continue reading The Giant Pool o’ Money