WSJ: How Credit Got So Easy And Why It’s Tightening
Barry Ritholtz just pointed out this fantastic article in the WSJ:
As the title suggests, the article takes you clearly and succinctly through the events that led to the current environment beginning with the S&L crisis in the 80’s. The last few months are for the history books and I’m glad (for better or worse) I’m able to watch so closely from the sidelines. The next time I’ll likely be on the playing field and hope that I’ve gained some wisdom that can be called upon when I need it.