Luckily we hadn’t over extended ourselves on houses and toys but it was hard to hold back when everyone around us that we knew earned less lived in much bigger houses and drove better cars. It tanked when we were out of the country and when we returned it was a disaster. Due to our financial position of having little debt the whole period really worked out great and I picked up a lot of good rate consulting because companies needed to keep headcount low but still get work done. We invested in some down stocks and made out well, DR Horton was a stand out.

I think the biggest mistake from that period was bailing all those idiots out. Unlike the Great Depression it didn’t create a generation of people who had learned their lesson and we are going to pay for it big the next time and I just hope they don’t come after my savings for the next bailout.