[lbo-talk] Goolsbee: subprime was pretty groovy (in 2007)

[Dorene Cornwell]

I was thinking Goolsbee and Sailer were just having an attack of
unusual candor about naked, unadorned vulture capitalism. Assuming
wage gaps, credit discrimination, nothing but skn color, ethnicity,
were the driver of the crisis, one could either do something about
these problems OR one could build a whole house of cards with these
problems as only a few tiny components and then blame the tiny
components when the whole fiasco falls apart.

So are we allowed to wonder why Obama likes Goolsbee

On 12/3/08, Carrol Cox <cbcox at ilstu.edu> wrote:
> The assumption that borrowing by the poorest tiny fraction of the u.s.
> working class could in any way lead to the current worldwide crisis is
> so absurd that it is almost obscene even to consent to reply to anyone
> who would seriously raise the possibility.
>
> Discussion can only proceed on at least minimal shared premises -- as
> every rhetorician since Aristotle has pointed out. There are no
> conceivable shared premises with someone who wants to base this crisis
> on "diversity."
>
> Racism is too endemic and too destructive in u.s. life to admit racists
> into civilized discourse.
>
> Carrol
>
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