on the other hand, given my pessimistic and fearful nature, a large component of what compelled me to commit to a kind of expensive chateau was the fairly firm conviction that the govt would do whatever stupid ridiculous idea, like lower interest rates for the hell of it, to try to prop up asset prices in the strange belief that minimizing foreclosures and keeping housing prices high somehow benefits us all. i had a fear, small but niggling, that maybe the govt might bail out of this silly business, but i knew deep down that once youre in for a few trillion, it’s hard to back down. therefore, i am kind of pleased that the game is still being played according to these ridiculoous rules, where rewriting the mortgage deal way after the fact is seen as a good idea for an economy.
