SD-R thank you for sharing. The article’s author is Simon Johnson, former chief economist of the International Monetary Fund (IMF). He was on NPR’s On Point earlier this week discussing this article. Yes, this is along the lines of The Rolling Stones and the Jim Jubak articles we discussed here a few days ago.
Johnson has a great deal of credibility, he knows what he’s talking about and he’s certainly no conspiracy theorist wacko. As we know, the housing debacle was the cornerstone of the whole financial crisis nightmare that is still unraveling; therefore, this article is very much on topic in this blog.
