A Arnie Sep 4, 2009 #31 Quote from vhehn: have you been in a cave for the last year? More... The markets worked. Just what would you expect given rampant speculation by buyers and relaxed (none?) underwriting by lenders? Maybe you didn't like the results, but the markets did work......people underestimated risk and they paid for it.
Quote from vhehn: have you been in a cave for the last year? More... The markets worked. Just what would you expect given rampant speculation by buyers and relaxed (none?) underwriting by lenders? Maybe you didn't like the results, but the markets did work......people underestimated risk and they paid for it.
G gkishot Sep 4, 2009 #32 Agree. The free markets worked. The markets that didn't work were over-the-counter mafia style markets combined with shadow accounting practices.
Agree. The free markets worked. The markets that didn't work were over-the-counter mafia style markets combined with shadow accounting practices.
