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July 07, 2008

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David Brown

"People while there in boom fever do not necessarily grasp that much of the old economy is being made obsolete in the process of all the exciting novelty. That buy dot com is destroying the value of the local computer retailer, that Expedia is eliminating travel agents, and that cellphones and the internet are destroying the old phone company and its copper mountain. "

I was in the tech boom was very aware of these issues. If anything, they overestimated the speed of the change.

Lets not forget about the people who wrote all of those subprime mortgages

www.brown-lending.com/sub_prime_lenders.htm

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