Interesting story from NPR: Washington Mutual Executive Predicted Collapse For casual observers, bank collapses like this one [WaMu] may seem to have appeared out of the blue. But for executives like William Longbrake, who worked at Washington Mutual for 26 years before September’s tumult, the collapse looked more like a slow unraveling. Longbrake served as…
Poll Update: Dow Drops Below 10,000
Anybody remember the June 8 poll: Sorry to say, but 58% of you were wrong: That took less than 4 months, for those of you keeping score at home. Also note the July 13 follow-up, in which only 30% guessed incorrectly. I just thought I’d point this out to those that are accusing this site…
Poll: How long before Congress is asked to pass another bailout?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 10.11.2008.
Weekend Roundup: 1873, Hiring Freeze, Un-Sale…
Here’s a brief roundup of a bunch of noteworthy items that have popped into my inbox and RSS feeds in the last day or two. Aubrey Cohen: Current economic woes more like 1873 than 1929. “When commentators invoke 1929, I am dubious,” writes Scott Reynolds Nelson, a professor of history at the College of William…
Party Like It’s 1929: Bailout Passes House
It’s official: Congress is not interested in addressing the underlying issues that caused this mess. Instead, they would rather pour trillions of dollars we don’t have into a doomed attempt to maintain the broken status quo. I predict we’ll be repeating this whole routine in less than six months with a new bailout, after these…