Comments on: The Financial Crisis http://popten.net/2008/10/the-financial-crisis/ Tue, 06 Jan 2009 06:03:49 +0000 http://wordpress.org/?v=2.6.3 By: Democrats On Best Political Blogs » Blog Archive » The Financial Crisis http://popten.net/2008/10/the-financial-crisis/#comment-173 Democrats On Best Political Blogs » Blog Archive » The Financial Crisis Thu, 30 Oct 2008 12:39:53 +0000 http://popten.net/?p=164#comment-173 [...] The Financial Crisis They put escalator clauses into them that would go into effect later in the mortgage (that seven year thing I was referring to). They also sold the shit out of them. They spent a lot of time and energy and money convincing people these … [...] [...] The Financial Crisis They put escalator clauses into them that would go into effect later in the mortgage (that seven year thing I was referring to). They also sold the shit out of them. They spent a lot of time and energy and money convincing people these … [...]

]]> By: Jamie Antonisse http://popten.net/2008/10/the-financial-crisis/#comment-94 Jamie Antonisse Mon, 13 Oct 2008 17:23:49 +0000 http://popten.net/?p=164#comment-94 An epic post, Christobal. I'm especially grateful for your visual aids... I didn't know my money was such a slut. I am trying to solidify a visual of the worst-case bottom-out scenario here, because it is better to imagine it than sitting around trying NOT to. On a supply-demand level, I just can't square myself with "we'll all be unemployed and sitting around starving because there will be no jobs" because hell, people still need to barter and trade for the things they need. The absolute worst I can justify is "Grapes of Wrath", where those sitting on a pile of cash abuse their leverage royally, and many of us are forced to work very hard (at whatever is available) for very little. You're a far more informed speculator than me, however... I'd love to hear your Doomsday. An epic post, Christobal. I’m especially grateful for your visual aids… I didn’t know my money was such a slut.

I am trying to solidify a visual of the worst-case bottom-out scenario here, because it is better to imagine it than sitting around trying NOT to. On a supply-demand level, I just can’t square myself with “we’ll all be unemployed and sitting around starving because there will be no jobs” because hell, people still need to barter and trade for the things they need.

The absolute worst I can justify is “Grapes of Wrath”, where those sitting on a pile of cash abuse their leverage royally, and many of us are forced to work very hard (at whatever is available) for very little.

You’re a far more informed speculator than me, however… I’d love to hear your Doomsday.

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