The theory that our financial crisis has at its root cause a demographic imbalance comes from David P. Goldman, who held
senior research positions at Bear Stearns, Credit Suisse and Bank of America. At Bank of America he ran a highly rated fixed income research department between 2002 to 2005, with 120 professionals and mid-nine-figure compensation budget. David P. Goldman now blogs at Inner Workings and at First Things under the name “Spengler.”
As far as this crisis being rooted in the baby boomer demographic - I agree. There would have been a crisis even without the stupid self serving changes make to banking rules and regulations. But would the economic system have come this close to collapse with ONLY the boomer demographic? I think NOT...
Next time, WayneLusvardi, I'll be more careful and thoughtful with my comment - because you are right ( if I'm reading between the lines properly ) I was flippant - and my comment wasn't as well thought out as it could have been. The man is worthy of a better read than I gave him.