[lbo-talk] origins of the housing boom

Doug Henwood dhenwood at panix.com
Tue Aug 30 12:20:46 PDT 2011


On Aug 30, 2011, at 3:12 PM, Indian Jones wrote:


> Doug Henwood wrote:
>> the fancy instruments were just a modern
>> variation on an old story: there are endless amounts of cheap money
>> available to finance a bubble, until there isn't.
>
> And who would be best positioned to predict that?

Jesus, I suppose. And/or Goldman Sachs, which does god's work.



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