Sorry Mr. President this just isn’t right:
The heart of this financial crisis is that too many banks and other financial institutions simply stopped lending money.
Errr. The correct answer is “What is a solvency crisis.”
4 thoughts on “I’ll Take Getting the Econ Crisis Wrong for $2,000 Alex”
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I know that I should go and comment on some of your more substantive contributions of late. But can I just say that this post is fucking awesome?Report
Totally.Report
No, it’s the Community Reinvestment Act!Report
only a fargin’ nihilist would say something like that about the CRA.Report