Comments for The Brutal Truth About the Credit Crisis »
Posted By Radiofreeeuropa 11 months, 3 weeks ago in Business & FinanceMike Larson writes: I don't know about you. But I started keeping a mental “Outrage List” a while back. The idea: Chronicle all the ridiculous statistics, all the lies, all the questionable practices, and all the dubious “rescue packages” Wall Street and Washington keep shoveling onto the public's lap.
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Radiofreeeuropa11 months, 3 weeks ago
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A reckless monetary policy, and the reckless disregard for prudence throughout the lending industry. We had the biggest housing and mortgage bubble in the history of the U.S.
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Remarkably irresponsible plain old dumb lending and asset inflation in the leveraged buyout business, in the commercial real estate arena, and in the emerging markets.
Bailing out the people who did this simply insures their idiocy will prevail in the future. That there are no consequences for acting foolishly. It is all insane.
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