The Epic American Credit and Bond Bubble Laboratory Message Board

10/29/2007 12:09:15 PM

From: Lee

of 109993

Makin at his best:

aei.org

snippet

"The cost of avoiding recession after the biggest housing bubble in American history has burst is too high. It will involve rewards to those who took excessive risks that will only result in more underpricing of risk in the future, and therefore larger bubbles and, ultimately, a more unstable economy."