The Mudcat Café TM
Thread #100274   Message #2012110
Posted By: Richard Bridge
30-Mar-07 - 05:22 PM
Thread Name: BS: Sub-prime lending
Subject: RE: BS: Sub-prime lending
Any economic historian will tell you that the truth that came out of the South Sea Bubble was that there had to be forgiveness of debt, otherwise the rest of the economy went down with the debtors. But it's a bit much to ask the shrub to see that (and indeed some contributors above)