Picture of the day: waiting in line in LA

| 14 July 2008 20:59

This comes from the LA Times:

October 7, 2003, Simi Valley

Simi Valley spreculation

In Simi Valley, in 2003, people camped out for the chance to buy a yet-unbuilt condo for about $300,000.

Photo Credit: Bob Carey, L.A.Times

July 14, 2008, Pasadena

IndyMac run

In Pasadena today, depositors line up to take their money out of IndyMac Federal bank on its first day of operation as a federally-run bank.

Photo Credit: Al Seib, L.A. Times

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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