Re:Blowing the Whistle on the Mortgage Bubble
by groby_b on Friday January 25, 2013 @01:50PM
(#5116980)
They tried. People didn't want to know. They actively ignored. And no, let's not blame reporting for that.
There were reports on radio/TV - and not exactly places focused on the economy - about the housing bubble issues, and a potential collapse of epic proportions as early as 2005, IIRC. It was bad enough in 2007 that I decided to pull entirely out of the stock market, and I'm anything but a financial expert.
Everybody closed their eyes and hoped it wouldn't be them.
There were reports on radio/TV - and not exactly places focused on the economy - about the housing bubble issues, and a potential collapse of epic proportions as early as 2005, IIRC. It was bad enough in 2007 that I decided to pull entirely out of the stock market, and I'm anything but a financial expert.
Everybody closed their eyes and hoped it wouldn't be them.