The preamble is that biiwii.com and later the blog, came in 2004 due to the obvious moral hazard brewing on Wall St. and its potential to bring down the financial system through hubris and greed.
But I am just a blogger/newsletter writer who tunes out the 'noise' to navigate this mess as best as possible. I knew there was something very wrong in 2004 and I know there is something very wrong now, as Wall St. pulls the 'pay no attention to that man behind the curtain' routine and attempts to resuscitate a conventional slumber.
But to see people like Michael Lewis last night on 60 Minutes, knowledgeable from the inside and speaking from experience, is just awesome. If you did not see it, check it out here:
Inside the Collapse, Part 1
Inside the Collapse, Part 2
Pardon the commercials.
