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http://www.ChristopherSPenn.com/
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http://www.christopherspenn.com/2008/03/10/understanding-the-credit-crisis/
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Christopher S. Penn's Awaken Your Superhero: Understanding the credit crisis

Michelle/chelpixie · 1 year ago

Best explanation I've read yet of the current crisis.
Daniel Johnson, Jr. · 1 year ago

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.
Steve/Credit Card Forum · 1 year ago

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...