Nathaniel Popper, the New York business correspondent for the Los Angeles Times, writes about a New York museum with an ever-expanding exhibit on the credit crisis. The story says:
“After Wall Street was shaken to within an inch of its life in 2008, the curators of the Museum of American Finance decided to add a section explaining what happened. The modest display featured panels depicting the greed and blunders leading up to the government’s $700-billion bailout of the financial industry.
That was in March 2009, just after the government took a controlling stake in Citigroup. But the controversies kept coming — General Motors and Chrysler went bankrupt, the leaders of the Galleon Group hedge fund were arrested, Greece almost went broke — and so new panels were added to keep up.
Soon enough, a display on entrepreneurs had to be moved so that the crisis panels could snake their way along the entire front wall of the museum.”
Today’s Tip: Pound the pavement and be alert to the anecdote that illustrates something larger, Nathaniel says.
“I occasionally go down [to Wall Street] just to see if I notice anything – and to see how the local economy is doing down there,” Nathaniel says. “I went into the museum to ask about what they have been seeing. While I was in there, the woman I was speaking to showed me around and pointed out their display on the crisis – she mentioned the funny details of how they have tried to keep up with the crisis.”
He says the story offered a funny tale that helped illustrate the very serious financial crisis.
“It was a fun one to write,” he says.
Don’t let the pending colder temperatures keep you inside.
As reporters from The Buffalo News, Wall Street Journal and Fort Myers News-Press have said in previous posts, getting out is the best way to see what’s happening in your town, find consumer stories and sniff out people flying under the radar.