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You call this soft?
In an effort to orchestrate a soft landing, Alan Greenspan looked for someplace all the money printed for the dot.com boom to go. Real estate was the obvious choice. Banks were enabled to stay in the leveraged lending business, and homes became the asset class to fill in for Pets.com and Lucent…
via How the Tech Boom Terminated California’s Economy | Fast Company.
Last 5 posts by George Nemeth
- My letter to the Brad and Joe show - June 10th, 2011
- Creating Conversation - June 7th, 2011
- Justin Bibb on CLE and DET - August 23rd, 2010
- Cleveland International Film Fest Year 34 - March 18th, 2010
- A tale of town city workers - February 8th, 2010
