Sunday, October 19, 2008

Who's Really to Blame for the Housing Crisis?

Two minutes of fresh air regarding the train wreck of the sub-prime mortgage crisis:



Hat tip Hot Air
Posted by at 9:54 AM
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2 comments:

  1. AnonymousOctober 19, 2008 at 12:35 PM

    Explanations, explanations, dozens of them...Will there ever be some objective explanation? Is there some objective, official explanation for the Great Depression? No. Everybody believes what he wants to believe and will believe till end of days. So are we going to take lecture from this situation? Are we going to buy some wisdom for the spent billions? No, no and no...
    Regards,
    Lorne

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  2. Mike aka ProofOctober 19, 2008 at 1:25 PM

    "Is there some objective, official explanation for the Great Depression?" There was a great deal of speculation on margins that contributed the the Great Depression.
    The main lesson to take from the "Great" depression, is that poor government policy can exacerbate any depression, lengthening it and making it worse than doing nothing at all.

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