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October 16, 2008

The Bailout

The Dr. Housing Bubble Blog came recommended from trusted sources, and it does a great job of explaining, in terms my economically-challenged brain can understand, what's going on with the bailout and the economy. Non-partisan to boot. A recommended read.

Money quotes:

"You can create an entirely new industry with $1 trillion." (Read: world leader in alternative energy. Overnight.)

"But I donít agree like some blowhard radio personalities that this bubble was caused by poor people in sub-prime loans. Please. Yes, let us once again blame the poorest in society for swindling Wall Street out of trillions."

P.S.: Another cogent article explaining it all.

Posted by tat at October 16, 2008 06:02 PM

I am now officially addicted to that website. Great info!

Posted by: Deb at November 17, 2008 09:17 AM
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