The Collapse of Wall Street at understood by Calvin Trillin

Calvin Trillin puts it succinctly:

“IF you really want to know why the financial system nearly collapsed in the fall of 2008, I can tell you in one simple sentence.”

As an aside, Trillin’s profile of R.W. Apple Jr. is one of the finest examples of profile writing.  Right up there with “Frank Sinatra Has a Cold,” in my humble opinion. [via]

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  • Blue Zebra Purse October 15, 2009, 12:37 pm

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