Wednesday, October 08, 2008

So let me get this straight...

At least part-- and that's the most conservative view possible-- of the current financial situation is a function of loose credit in the recent past, that misplaced capital needs to be culled from the economy... we're going to add more?

New economics? Anyone? Bueller?

1 comment:

danarch said...

If the last four or five rate cuts didn't help, I don't get how this one will either. We are still trying to put a band-aid (a large, expensive one with Hello Kitty or Spiderman on it) on a bullet wound. I think we're beyond trying to make any reasonable sense out of this issue. Note that it hasn't even been a month since Lehman failed.