#437: History Doesn't Rhyme, It Repeats with Dave Collum & Rudy Havenstein
TFTC: A Bitcoin Podcast
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The Tripe Plot of Subprime Mortgages Put Out
David Frum: I told my class in probably February or March of 07, which if you remember, it hadn't blown up yet. You were tiny little now audible warning signs that the things were going to shit, but it was real early. And so what happened is I had the same group in an advanced and honors thesis course two years later. That was February of 09. In the first day of class, I said, did I tell you the banks were going to collapse? Because this one, it was just a complete under shit storm.And they said, yes, you did. He says he got his most amazing compliment from a former Morgan Stanley CEO who realized after 15 minutes
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