Wednesday, October 08, 2008

In case you haven't got your USRDA of doom'n'gloom today:

Syd waxes a little hyperbolic. I wish it was a lot hyperbolic, but it's not; it's way closer to unvarnished than I'd like. (H/T to Kevin for pointing me there this Ay-Em)

Meanwhile, Lead and Gold has a link up to a fascinating .pdf transcript from Ira Glass's This American Life, which is often the only thing worth listening to on NPR other than Click and Clack, the Tappet Brothers. It is a very clearly detailed flowchart of how dumb home loans in Cali wound up wrecking banks in Europe.

4 comments:

GeorgeH said...

There's plenty of gloom.
I'm hoarding ammo for the first time since the Cuban Missile Crisis.

Matt G said...

"Meanwhile, Lead and Gold has a link up to a fascinating .pdf transcript from Ira Glass's This American Life, which is often the only thing worth listening to on NPR other than Click and Clack, the Tappet Brothers. It is a very clearly detailed flowchart of how dumb home loans in Cali wound up wrecking banks in Europe."

Yeah, I linked to that about 2 weeks ago. Very concise story of how we got where we are, and it doesn't seem to implicate anyone but the idjits at the lending institutions who couldn't find any other location for the throttle than against the firewall.

Noah D said...

Lead and Gold later links here. Funny, the political origins aren't metioned much at all in the NPR transcript.

Tam said...

Well, duh. Bad things never have political origins, unless they're Republican political origins...