No Comments

Really good commentary

Uncategorized Comments (0)

Where does this leave us? Surely the Fed that provided the fuel for reckless behavior cannot solve the problem by providing fuel for more reckless behavior. Surely big institutions that recklessly bundled substandard loans should not be given immunity from their actions while the little guy loses his home. Actions such as those don’t restore confidence; they destroy confidence.”

This is the definition of a credit bubble.

Thanks Barry Brownstein from

http://givingupcontrol.wordpress.com/

Franklin @ August 20, 2007

Leave a comment

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Entries (RSS)
Comments (RSS)

65 queries.
0.899 seconds.

Politics blogs Politics blogs
Links to Site
%d bloggers like this: