Saturday, July 02, 2011

Berkshire's Charles Munger: Housing Bubble Caused By 'Megalomania, Insanity, And Evil'


Good comments, but it's amazing that somebody needs to explain this - who doesn't know who the perps are in this giant, catastroph­ic scandal? That's not the problem - the problem is that the perps have got billions to spread around assuring that nothing will happen to them and that the rules don't change. As Munger suggests, the insanity and the greed took over the economy and we're not getting it back with anything less than an uprising, or a giant takedown by hackers, neuromance­rs, and an angry blue shirt army.
Read the Article at HuffingtonPost

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