Archive for the 'Housing Crisis' Category

Predicting The 2008 Housing Crisis — In 1999

Monday, July 12th, 2010

Image by marctonysmith via Flickr In 2008 and 2009, Bank CEOS and politicians lined up to describe the real estate and financial collapse as a “systemic failure” — entirely unpredictable.  These businessmen and politicians must have missed a 1999 article in the New York Times.   Or maybe they saw the article, and just didn’t care. [...]

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©2010 David Steinberg