Tuesday, October 07, 2008

One More 'How We Got Here'

An excellent piece showed up on 60 Minutes tonight — one I wish all my readers, family members, and friends and coworkers would watch. You can find it here:

60 Minutes: Wall Street's Shadow Market

Set aside about twelve minutes for this one. And get ready: Folks still talk lots about "subprime," and rightfully so. But "credit default swaps" are the real elephant in the room...

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— Posted by Michael @ 8:56 AM



An excellent article and a telling video about your current economic state and how we got here. Thank you for pointing it out.

Anonymous MICHAEL M
, at 3:43 PM, October 07, 2008  
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Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]