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Old 08-19-2007, 08:49 PM
hi_im_god's Avatar
hi_im_god hi_im_god is offline
Arlington Park
 
Join Date: Nov 2006
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btw:

i think 5 years from now we'll all look back on this period as a needed correction to the easy credit bubble and the feds action in cutting the discount rate as a panic induced inflationary mistake.

the market was working through this just fine. countrywide might be too big to fail but there were more direct options to get them on their feet that wouldn't involve spreading the pain to everyone.
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