Dotcom bubble dissapeared quickly, now he have empty, unsold, deteriorating new homes

Dotcom bubble dissapeared as quickly as a computer screen may refresh quotes.

We have plenty of unsold homes, and it's difficult to apply the Keynesian "creative destruction" principle in a politically correct way.
 
Exactly. And Paulson thinks FNM and FRE should be saved to crank out even more mortgages.
BTW "creative destruction" is not Keynesian, it's Schumpeter's.
 
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