What you said. Except even if the bad 'ol money boys were raking it in - they also sucked a lot of honest jobs in - just let it crash?
My advice to Bush: Jawbone the Fed to lower rates to give the economy a period to adjust - give it a soft landing - there are a lot of "innocents" that would be hurt as well in a crash.
Nite. ;-)
I have a hard time believing that this is going to lead to a “crash”. The sub prime market is a small percentage of the overall mortgage market much less the market as a whole.