[lbo-talk] Fwd: WSJ MARKET ALERT: Dow Industrials Surge 940Points

Doug Henwood dhenwood at panix.com
Mon Oct 13 14:39:10 PDT 2008


On Oct 13, 2008, at 5:18 PM, Mr. X wrote:


> Well it seems that the forclosures are getting the most blame for
> starting this disaster and I am curious if it really is that
> signnificant or is just an excuse to blame the masses for Wall
> Street excesses.

Wall Street raised the money to lend to the masses. No Wall Street, no housing bubble.



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