[lbo-talk] No bailout needed

Bryan Atinsky bryan at alt-info.org
Wed Oct 1 13:09:15 PDT 2008


Hi Doug,

Have you thought about inviting Dean on your radio show? I think it would be interesting to hear you two discuss the ins and outs of your differences on this issue.

Bryan

Doug Henwood wrote:
>
> On Oct 1, 2008, at 3:34 PM, C. G. Estabrook wrote:
>
>> House Prices Continue to Decline as Talk
>> of Credit Crisis Spins Out of Control
>> October 1, 2008
>> By Dean Baker
>>
>> "The root cause of the crisis is the deflating housing bubble,
>> credit problems are secondary."
>
> "The root cause of the housing bubble is rising prices; the easy
> credit that financed it was secondary."
>
> That would make about as much sense as this argument.
>
> Doug
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-- Bryan Atinsky Editor, Alternative News e-mail: bryan at alt-info.org Tel: (972)2-624-1159 P.O. Box 31417, Jerusalem 91313 http://www.alternativenews.org



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