Over the last three years, the complex system of the global economy flipped from boom to bust -- all because a bunch of Americans started to default on their subprime mortgages, thereby blowing huge holes in the business models of thousands of highly leveraged financial institutions.
The cause of the collapse extends from the folks at the bottom all the way up to people like Lloyd "God's work" Blankfein at Goldman Sachs. Of course, an admission of such widespread failure would lead a rational person to question the belief in the Free Market Fairy, something Ferguson is unwilling or unable to do.
Posts
No comments:
Post a Comment