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Table of Contents for the Digital Edition of Explaining the End of the World as We Know Itpub
Explaining the End of the World as We Know Itpub
1
©2010 Pandamensional Solutions Inc., All rights reserved.
Explaining the
Table of Contents
Prologue
Robert H. Goddard, with the first successful liquid-fuel chemical
Executive Summary
2007 Countrywide e-mail Advertisement
Act I.
bars on the graph). This explosion benefited many parties,
established new guidelines for FNMA and FMAC, mandating
acted to encourage
sub-prime mortgages. For comparison sake, the late Lehman
19th century Phrenology chart, from Fowlers & Wells
Act II.
Montana. “What?” cries a man waking up from a 40-year coma,
Of course, those with common sense have an adage designed to
The Four Horseman of the Apocalypse (a detail).
Act III.
problem in 2005, when our national saving rate went negative
borrowers to borrow more against the value of their house. The
Source: Poster for the 1896 Broadway melodrama The War of Wealth.
Act IV.
offset the cost of the hurricane losses.
financial institution (or institutions) would have to pay it off.
Gas Pillars in the Eagle Nebula (M16):
Act V.
the usual first sign of a recession – before the National Bureau of
These resets, especially in light of falling real estate values, cause
housing bubble. In essence, they were willing to sell the soul of
Monday in 1987. (Of course, the next day it regained half the
The Proverbial Fork in the Road
Epilogue
How bad is TARP? Recently, I spoke to a senior officer at a top
and its solution to the jumbled mish-mash of TARP? The answer
misidentifying the real problem (i.e., the lack of financial
properly resolved, it will return again at that time. Only next time,
incent? We want to encourage financial institutions to free up
About the Author Chris Carosa
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