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  • Whoops!

    Wed, 20 Oct 2010 06:35

    We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone's money and now we're all paying for it. What went wrong? And will we learn our lesson, or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference between a CDO, a CDS, an MBS, and a toasted cheese sandwich, John Lanchester has mastered the finer points of finance so you don't have to. In Whoops! he explains, in language everyone can understand, what really happened and what on earth we do next.

    Posted by Adam Adam

    Categories: Whoops!, economy, bankers, crash

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