Monday, August 06, 2007

Crazy!

A reasoned argument...

1 Comments:

At Monday, August 6, 2007 6:56:00 PM CDT, Blogger cljo said...

"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.

 

Post a Comment

Links to this post:

Create a Link

<< Home