Tag Archives: subprime crisis

To Conservatives and Liberals: It’s the Black Swan, Stupid!

As I write this Washington Mutual had just collapsed–”the largest bank failure in American history”–and the bailout talks just ended in chaos. Swell. I’m ignorant when it comes to the complexity of economics. But it seems to me that there are plenty of blame to go around: government, banks, and people who took loans they […]