Now that the world of finance has decided that "subprime mortgages" and the fall of the great superstructures of paper and abstraction built thereon are yesterday's news, a stale old crisis, everybody's attention has moved on to a newer, fresher, crisis. Bond insurance.
That's fine with me. Every news cycle has its own pace.
But before we consign it all to the memory hole, let us pause for a laugh, appreciating this stick figure account of what happened.
(Keep pressing the arrow on the bottom left hand side of your screen to go from one slide to the next.)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment