October 16, 2008
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.
"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