I was looking for the original post after finally listening to this. I thought it was fascinating, helpful to hear how this got so out of control, and how bad it really was.
The fact that from 2000-2006 the Global Pool of Money doubled is telling IMO of how much further housing and the finance world in general have to fall as things deleverage.
The Government/Fed have thrown just about everything they can at this and seem to have eased the blows.
For now.
That pool has a lot more pain coming and now Ben and Barney have little if nothing left to ease it.
