It all started the day the world ended. The world as we knew it that is. September 15, 2008, the day Lehman Brothers, the fourth largest investment bank in the modern world, came crashing down. On that day, we began a fast and furious downward debt spiral. Panic set it, fear took over and the rest, as they say, is history.
We could really claim that the end of the booming world we knew began its deep slide even before that – on April 28, 2004. That was the day that the Securities & Exchange Commission lifted a small and innocuous “rule” that led to enormous consequences. The “...