{"id":1150,"date":"2008-03-20T22:47:19","date_gmt":"2008-03-21T02:47:19","guid":{"rendered":"http:\/\/www.chrismclaren.com\/blog\/2008\/03\/20\/understanding-how-greed-hosed-the-economy-again\/"},"modified":"2008-03-31T22:48:27","modified_gmt":"2008-04-01T02:48:27","slug":"understanding-how-greed-hosed-the-economy-again","status":"publish","type":"post","link":"http:\/\/www.chrismclaren.com\/blog\/2008\/03\/20\/understanding-how-greed-hosed-the-economy-again\/","title":{"rendered":"Understanding How Greed Hosed The Economy Again"},"content":{"rendered":"<p>If you had trouble following <a href=\"http:\/\/www.chrismclaren.com\/blog\/2008\/02\/21\/once-more-unto-the-breach\/#subprime\">the last presentation<\/a> I linked to that explained the subprime crisis and how it&#8217;s affecting the broader investment community, then you don&#8217;t have a chance with <a href=\"http:\/\/www.nytimes.com\/2008\/03\/19\/business\/19leonhardt.html?ex=1363579200&#038;en=af1b0d09c5725bf5&#038;ei=5090&#038;partner=rssuserland&#038;emc=rss&#038;pagewanted=all\">the NYT piece that attempts to take on the same task<\/a>.<\/p>\n<p>If you could handle <a href=\"http:\/\/www.chrismclaren.com\/blog\/2008\/02\/21\/once-more-unto-the-breach\/#subprime\">the stick figures<\/a> though, you might want to give the piece a try. It will leave you with the usual &#8220;&#8230;and people thought this was a good why exactly?&#8221; feeling.<\/p>\n<p>The rest of you can try <a href=\"http:\/\/www.abc.net.au\/australiawide\/stories\/2008\/200803\/s2190009.htm\">the Australian comedy version<\/a>.<\/p>\n<p>There&#8217;s nothing to worry about though. It&#8217;s not like people are living in <a href=\"http:\/\/www.youtube.com\/watch?v=CnnOOo6tRs8\">tent cities<\/a> or anything.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">If you had trouble following the last presentation I linked to that explained the subprime crisis and how it&#8217;s affecting the broader investment community, then you don&#8217;t have a chance with the NYT piece that attempts to take on the same task. If you could handle the stick figures though, you might want to give the piece a try. It&hellip; <a href=\"http:\/\/www.chrismclaren.com\/blog\/2008\/03\/20\/understanding-how-greed-hosed-the-economy-again\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[39,225,226],"class_list":["post-1150","post","type-post","status-publish","format-standard","hentry","category-political","tag-bush","tag-economy","tag-housing-bubble","xfolkentry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5UQvw-iy","_links":{"self":[{"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/posts\/1150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/comments?post=1150"}],"version-history":[{"count":0,"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chrismclaren.com\/blog\/wp-json\/wp\/v2\/tags?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}