The Reckoning:
On the front page of the Sunday, New York Times Dec. 21st issue, under a large, color photo of a grinning Pres. George W. Bush, I read a headline that grabbed my attention:
"White House Philosophy Stoked Mortgage Bonfire."
I read the first graph plus the next sentence and was hooked on a story that gave me the most comprehensive AND rivetingly dramatic exposition of the current mortgage meltdown:
I read it to the very last sentence. I think you will, too.
On the front page of the Sunday, New York Times Dec. 21st issue, under a large, color photo of a grinning Pres. George W. Bush, I read a headline that grabbed my attention:
"White House Philosophy Stoked Mortgage Bonfire."
I read the first graph plus the next sentence and was hooked on a story that gave me the most comprehensive AND rivetingly dramatic exposition of the current mortgage meltdown:
"The global financial system was teetering on the edge of collapse
when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, 'scared the hell out of everybody.'
It was Sept. 18."
I read it to the very last sentence. I think you will, too.
Turns out, though, this brilliant journalistic accomplishment was part of an ongoing series at the NY Times:
"The Reckoning."
Click on < "The Reckoning" > to see all the titles in the series and, I hope, read the one I started with on the "Mortgage Bonfire."
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