September 24, 2008

What's the Rush?

Instead of just handing Paulson the keys to the economy, we should understand how we're going to make our debt markets more sane. What happened to the old-fashioned idea that you're supposed to trust the borrower before you hand him the cash?

Bert Ely says "the banks can handle it and clean up their own mess.... The housing bubble has to be allowed to collapse in order to clear the markets."

Posted by David at September 24, 2008 04:49 PM
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