“In hindsight, the housing bust hasn’t been nearly as calamitous as depicted in the media, or as Wall Street’s woes might suggest. Yes, people have lost their homes, but more than a few were mendacious mortgage applicants and mere speculators, who eagerly sought out 100% margin loans, only to fold just as quickly when prices turned against them.”
So then obviously we dont need to be bailing out Fannie and Freddie, or writing in all the tax breaks and 300billion foreclosure prevention BS. We should petition barrons to write a cover story about how this is all overblown and not really necessary since the bottom is here. Just wait till that one hits the advertising department.
