Podcast: Play in new window | Download
Subscribe: RSS
One of the stores built by a Conn’s game, based on junk bonds and subprime loans, in Houston Texas. (Photo by Mather Rutledge/Flickr)
After some rant or another about the combined greed and stupidity of the industrial Masters of the Universe, I frequently get this response: “Look, they couldn’t be that stupid or they wouldn’t be in charge. They know what they’re doing, and we just don’t understand it.” Seriously. I get that. If a quick refresher on the Enron Bubble and the Dot-com Bubble and the Housing Bubble are not enough to put this turkey of an argument into the deep fryer for once and for all, then consider the true story of Conn’s, a Texas-based 90-store retailer who came up with the Business Plan to End All Business Plans. And it did. Continue reading
