[Hockey Mom II]

I thought this was a very insightful article about our current financial problems.

[org.whodat]

Beckner is a fool, how did anything other than greed give the united states 14 million unsold homes. And about that many more properties under development for more homes.

The banks were lending the money because they thought the demand would go on forever and they thought there was no down side.

[1rudeboy]

Gary Becker writes a thought-provoking blog with Richard Posner.
Fans of heavy reading click here.

[4Speed]

When Wall Streeters lose this much Money, with no end in sight, they drill down to what is happening, and the American people just received a Chris Dodd/Geithner/Obama in Action lesson this last week.

Its becoming Obvious to the most casual Observer.

Even the MSM might have to Report it...or they are going down with the President and his crooks in association,.

[bigbob]

Great analysis, thanks for posting.

In time, the uninformed and/or idealogically-driven will be confronted with the real causes of this mess, as outlined in this article. Hopefully safeguards will be put in place, but it will be, to some extent, locking the barn door after the animals have already escaped.

[Logical me]

The market will have to rebound. Americans always have come to the rescue when the realization that a failing market is a failing of millions of 401k and IRAs. This throws a huge burden on families trying to not only help their failing retiree members but even themselves.

Here is the rub. King Obama will flood the airways that he saved us. And the cult will once agin bow down to their savior in spite that the market survival will have nothing to do with this pompous ass.

[PeterPrinciple]

Mr. Becker sees the finger prints of big government all over today’s economic woes.

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Too many see govt as the answer to the problem, not the cause of the problem. I don’t see that changing but am willing to be enlightened.