Crazy!
A reasoned argument...
posted @ 8/06/2007 11:20:00 AM
1 comments
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Monday, August 06, 2007
"The writings here reflect the opinions of the author only. Any resemblance to actual persons living or dead is purely coincidental. In other words, I'm here to steal people's ideas and get away with it. Also the free banjo music."
1 Comments:
"Wah wah wah. My buddies and I gave away houses to people who couldn't afford them and now they can't pay. Help me, Ben Bernake!"
Sorry Cramer. You (your buddies) took a bad risk and ran some untested schemes. You got burned. Ben IS an academic and that means he knows all about moral hazard in financial markets. You lose.
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