EconProf, we already fell down the slope broke our femur and are attempting to limp across the moral hazard bridge (recently reinforced with actual steel beams from the Bear Stearns building in Manhattan.)
This bill won’t “save” housing. All it will do is save two extremely imprudent corporations that lent out their investors money far to freely.
The only fix for housing is lower prices. Legislation like this does nothing to fix the problem. I agree that protest is what has kept numb nuts and ass munch from trying offer free sammiches to everyone!
What bothers me so much is that I hear from so many people that nothing they can do will make a difference. Maybe if I spread the word that a pro-gay initiative was being tucked into the bill we would get some real protest! As well as 18 pages of replies to this thread!
