A blueprint for disaster
In the past several weeks, the NY Times has rolled out long features on
key players who created the current economic crisis. Last week, it was Alan Greenspan. This weekend it was Bill Clinton's top administration's top housing official in the mid-1990s, Henry Cisneros:
"He also remains bullish on home building, despite the current carnage.
"He also remains bullish on home building, despite the current carnage.
"We're
not selling cigarettes," he says. "We're not drawing people into casino
gambling. We're building the homes they're going to raise their
families in."'
[except of course before they get evicted]
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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