What you are saying makes sense to me HWG. I don’t see the constructive proactive tendancies in the system. I say this because of the denial of the housing bubble and especially the denial that the housing bubble and resultant implosion would/will torpedo the economy with a direct hit.
I hate to say it but maybe they should put a moratorium on resets and tighten lending standards for new loans and maybe a few other things that are probably beyond my sphere of understanding? I’ll be leaving the blog now that I suggested that.
Just food for thought.
