H. Coburn
2008-12-28 13:35:22
To paraphrase the saying, “We live in interesting times.”
Subprime mortgages. I’m going to sell you money cheaper than it costs me to aquire it.
No one can stay in business selling something for less than it costs to produce. Pretty basic.
Sooner or later the piper needs to be paid and the house of cards falls in. Yikes!
The outgoing administration devises a bailout of subsidies etc., to various key industries.
The incoming administration proposes more bailouts and massive public works projects to, “stimulate the economy.”
Sounds a lot like 1932 to me.
