In: Bailout Finance Housing Source: Ritholtz US Economy
A pretty comprehensive explanation of the financial crisis. (via The Big Picture)
June 30th, 2011 at 3:20 pm
They are a little too cute and choosey on their graphs for me. The x axis is adjusted to always support their argument.
July 2nd, 2011 at 7:38 pm
From this image: “Most business entertainment activities included drugs and prostitution” That is a pretty bold claim, I’ve heard that some was, but most? I wish they had a bar graph showing that amount was spent on drugs and what amount on prostitution =P
July 5th, 2011 at 8:06 pm
@Iam it would be nearly impossible to track the exact amount spent on drugs and prostitution as all that stuff was wrote off as various business expenses (i.e. computer repair, tech audit, printer ink etc.). the reason they say most business entertainment expenses went toward drugs and prostitution is the fact that the majority of those expenses can’t be verified through missing receipts. That and many people, including the prostitutes came out and confessed
July 6th, 2011 at 11:43 pm
I’d like to know how much the home owners–recipients of these loans–spent on drugs and prostitutes.
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