Interesting analysis piece in the NY Times this morning on the similarities in the housing bubble bursting and the fading housing market and Lehman's failure. Joe Nocera basically says the moral of the story is don't be greedy or stubborn, in times like these when the bottom starts coming up fast take what you can get. Because 22 cents on the dollar is a whole lot better than liquidation.
Tuesday, September 16, 2008
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