Friday, November 28, 2008

Read This Now - I hate to say I told you so...

A little post-turkey binge morning reading, or afternoon / lunch reading at this point.

Paul Krugman on how we got into this financial mess, he starts out with a bang...

A few months ago I found myself at a meeting of economists and finance officials, discussing — what else? — the crisis. There was a lot of soul-searching going on. One senior policy maker asked, “Why didn’t we see this coming?”

There was, of course, only one thing to say in reply, so I said it: “What do you mean ‘we,’ white man?”

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