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.”
Chris Dierkes
Chris Dierkes (aka CJ Smith). 29 years old, happily married, adroit purveyor and voracious student of all kinds of information, theories, methods of inquiry, and forms of practice. Studying to be a priest in the Anglican Church in Canada. Main interests: military theory, diplomacy, foreign affairs, medieval history, religion & politics (esp. Islam and Christianity), and political grand bargains of all shapes and sizes.
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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