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SoCalDem
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Mon Dec-29-08 07:30 PM Original message |
| The Panic of '08... a look back |
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http://gawker.com/tag/the-panic-of-.08/
 The Lost Decade snip That was a long time ago. We've seen two booms pass by — first dot-com stocks and now the real estate bubble. In 1997, I was still in college, Bill Clinton was still president, no one had heard of Monica Lewinsky, and Rudy Giuliani hadn't yet cleaned out the open-air heroin markets in the East Village. So, let's remember what's passed in between, now that the last eleven years have been, financially speaking, wiped clean. All those corporate-sponsored parties, those condominiums, the blinged-out phones, the Maybachs. It may as well have never happened. snip... |
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