| Hyperreality in the Financial World |
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| Saturday, 28 July 2007 | |
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I've been hearing all of this chatter about the sub-prime financial fiasco... easy housing loans given out to people without money down and a risky ability to pay back and it stirred a lot of thoughts that tend to get filtered out in the background... Basically, what if this financial crap game is really part of a larger overall trend? In comes Scott Thill with this Thilling (forgive the pun) essay on the hyper-reality of the modern American financial system. One that increasingly looks more like 1929. He argues that more than a few folks think history is due for repeating. |
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