Slate.com article. I’m glad the MSM is beginning to see the light.
moneybox: Commentary about business and finance. http://www.slate.com/id/2168417/nav/tap3/
The Twin DebaclesHow the housing collapse is like the Iraq war.
By Daniel Gross
Posted Friday, June 15, 2007, at 5:48 PM ET
What do Iraq and the U.S. housing market have in common? At first blush, not much. Iraq, which has taken the lives of thousands and ruined America’s reputation abroad, is far more disastrous than the housing collapse, which has been merely financially devastating.
Nonetheless, the twin debacles, which are defining the foreign policy and domestic economy of the second Bush term, have significant similarities, especially in the way that their public- and private-sector architects and promoters have behaved.
