This is to publicly congratulate Paul Krugman, U.S. economist that won the 2008 Nobel Prize in Economics "for his analysis of trade patterns and location of economic activity." Krugman was born on February 28, 1953 in Long Island, NY State, United States.

He has taught at Yale University, the London School of Economics, Stanford and MIT where he also earned his Ph.D in 1997 and is well known in academia for his work in trade theory. He has written text explanations about currency crises and the New Trade Theory. Altogether he has penned some 20 books and several papers in professional journals.

This must be the first time in our history that banks have lent money to people that couldn't afford to pay them back. The usual criteria is that credit checks are carried out, including income verification and security is offered as well as a percentage deposit.