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Post by Yoshi on Nov 13, 2008 0:57:31 GMT -5
I bet some of you are still worried and a bit confused on what exactly happened to the one time big investment banks. We used to have this thing called Wall Street where big corporate CEOs would buy and sell mortgages, debt, whatever. Then it all went to hell. This will tell you why. I really like this guy's writing, he takes what happened on Wall Street and almost gives it a narrative quality. A nice, thoroughly depressing story to take with to sleep tonight. You can read it Here: www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?print=trueIt's a bit long but it'll hold you; that narrative style really works for the best. The only two words I could think of were "Jesus. Christ."
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