Comments on: Understanding the credit crisis http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/ Wed, 08 Feb 2012 23:56:00 +0000 hourly 1 By: Dave Stages http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-12374 Dave Stages Sat, 23 Aug 2008 08:06:00 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-12374 Great post, I really enjoyed it. Great post, I really enjoyed it.

]]> By: Steve/Credit Card Forum http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-1741 Steve/Credit Card Forum Sun, 10 Aug 2008 21:38:47 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-1741 Christopher I accidentally stumbled across this posting while I was doing research for an article about credit cards and am glad I did! I've had your EXACT same thoughts about bubbles. Americans seem to need and desire a bubble all the time. Dot com moved to real estate, and real estate/credit moved to commodities... wonder what the next one will be? It is very much like bar hopping as you said. We need to tighten up all kinds of lending practices, from mortgages to credit cards - the amount of easy credit out there went overboard. We knew we were in a bubble when people with recent bankruptcies could buy mansions with no money down... Christopher I accidentally stumbled across this posting while I was doing research for an article about credit cards and am glad I did! I’ve had your EXACT same thoughts about bubbles. Americans seem to need and desire a bubble all the time. Dot com moved to real estate, and real estate/credit moved to commodities… wonder what the next one will be? It is very much like bar hopping as you said. We need to tighten up all kinds of lending practices, from mortgages to credit cards – the amount of easy credit out there went overboard.

We knew we were in a bubble when people with recent bankruptcies could buy mansions with no money down…

]]> By: Steve/Credit Card Forum http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-12849 Steve/Credit Card Forum Sun, 10 Aug 2008 21:38:00 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-12849 Christopher I accidentally stumbled across this posting while I was doing research for an article about credit cards and am glad I did! I've had your EXACT same thoughts about bubbles. Americans seem to need and desire a bubble all the time. Dot com moved to real estate, and real estate/credit moved to commodities... wonder what the next one will be? It is very much like bar hopping as you said. We need to tighten up all kinds of lending practices, from mortgages to credit cards - the amount of easy credit out there went overboard. We knew we were in a bubble when people with recent bankruptcies could buy mansions with no money down... Christopher I accidentally stumbled across this posting while I was doing research for an article about credit cards and am glad I did! I’ve had your EXACT same thoughts about bubbles. Americans seem to need and desire a bubble all the time. Dot com moved to real estate, and real estate/credit moved to commodities… wonder what the next one will be? It is very much like bar hopping as you said. We need to tighten up all kinds of lending practices, from mortgages to credit cards – the amount of easy credit out there went overboard.

We knew we were in a bubble when people with recent bankruptcies could buy mansions with no money down…

]]> By: Daniel Johnson, Jr. http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-1740 Daniel Johnson, Jr. Wed, 12 Mar 2008 16:50:15 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-1740 Has there ever been a major push to get the US back on the gold standard? I'd have to imagine 37 years of alcoholism doesn't shake off very easily. Has there ever been a major push to get the US back on the gold standard? I’d have to imagine 37 years of alcoholism doesn’t shake off very easily.

]]> By: Daniel Johnson, Jr. http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-12848 Daniel Johnson, Jr. Wed, 12 Mar 2008 16:50:00 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-12848 Has there ever been a major push to get the US back on the gold standard? I'd have to imagine 37 years of alcoholism doesn't shake off very easily. Has there ever been a major push to get the US back on the gold standard? I’d have to imagine 37 years of alcoholism doesn’t shake off very easily.

]]> By: Michelle/chelpixie http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-1739 Michelle/chelpixie Mon, 10 Mar 2008 23:29:26 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-1739 Best explanation I've read yet of the current crisis. Best explanation I’ve read yet of the current crisis.

]]> By: Michelle/chelpixie http://www.christopherspenn.com/2008/03/understanding-the-credit-crisis/#comment-12847 Michelle/chelpixie Mon, 10 Mar 2008 23:29:00 +0000 http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/#comment-12847 Best explanation I've read yet of the current crisis. Best explanation I’ve read yet of the current crisis.

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