Ongoing musings, tips, and observations from a Van Couvering, not someone who is going to Vancouver.
Tuesday, May 27, 2008
Greed and vision
I was listening to NPR this morning to a fascinating analysis by someone who has talked to everyone from homeowners to lenders to Wall Street about the home loan fiasco. He said everybody up and down the chain was taking unreasonable risks, and everyone was making tons of money off of it.
Then he quoted a financial expert, I wish I could remember who, who said
It's amazing how hard it is for someone to see something when they are being paid a small fortune not to see it.