Thursday, May 19, 2011

Gas and Granola

If banks hadn't held back on foreclosures (no shadow inventory), would we have already seen the bottom in housing?

If the taxpayer hadn't bailed out Bear Stearns, would Lehman have gotten its house in order and/or accepted bids from private investors? Would the credit disaster of '08 therefore been (somewhat) averted?

If Alan Greenspan

1 comment:

  1. I think we would have been better off by now without all these artificial interventions, which only prolongs the agony. The market forces need to work on their own...

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