[lbo-talk] No bailout needed

[C. G. Estabrook]

That reminds me of an aphorism that I heard was common in Solidarity, in Poland,
in its early days: "If you have an aquarium, it's easy to make fish soup; it's
harder to go the other way."  --CGE

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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