It's interesting to hear all the talking heads and financial experts going on and on about how unexpected this financial crisis is. Even Paul Volker is surprised at how fast everything collapsed as if this was totally unexpected. Follow me below to see evidence that we all should have known about how tenuous the foundation of our financial system really was years ago.
Like most people, I have been following all the stories about our current financial crisis. As I was thinking about it, I remember a story I watched on 60 minutes a long time ago. I couldn't remember exactly when it was or the specifics. But thanks to The Google, I was able to locate the story and I present it here for you to view.
Turns out this story aired in 1995! Are you shocked? This is evidence of how much in denial we have been. It's time to wake up and forget about chasing easy money and focus in on making permanent fixes to our system before it is too late.