There was no Federal bailout back then, so many factories were "destroyed by suspicious fires" in apparent insurance fraud. Writes Hurst:
Attempting to unload one's toxic financial obligations unto other parties has become a convention of American culture. You've got to feel for the SUV dealers, in an era of high-tech fire protection systems and masterful inspectors. Will the dealers get a spot at the bailout trough alongside the manufacturers? Keep an eye out for 'eco-terrorists."The Cyclist's Manifesto available now. Hurst's writing is always fun and informative.