Saturday, June 06, 2009

Why economics aren't rational

Here's an interesting article from a NYTimes economics reporter who got caught up in the sub-prime meltdown. And, boy, does he meltdown. He doesn't ask for pity, but he is trying to figure out how he, Someone Who Should Have Known Better, got suckered.


Rachael said...

All I can say is "wow." Really makes you sit up and evaluate your own situation. I am so glad we are not in that kind of debt.

katze said...

I read that article a little bit ago, and I have to say I felt NO sympathy for these jackholes. He knew what they were doing was shady, but he just kept at it. I don't know, maybe I'm just a terrible person lacking in empathy, but it just rankles to see this kind of irresponsible behavior.