09-24-2008, 11:49 PM
Seacrest: I'm afraid that the housing market bubble is bursting, whether my suggestion is taken or not. Housing prices are going to continue to drop, and my guess is for at least another year, no matter what steps are taken.
And I agree with you that the "game" would be completely subverted. And it should.
Maybe this is really the moment when the financial system reboots: American Economy v2.0. I have been surprised and pleased to see that Taxpayers are making it clear to the Washington politicos that they aren't interested in saving CEOs on Wall Street. I'd extend the pain down to the Manager level myself.
And I agree with you that the "game" would be completely subverted. And it should.
Maybe this is really the moment when the financial system reboots: American Economy v2.0. I have been surprised and pleased to see that Taxpayers are making it clear to the Washington politicos that they aren't interested in saving CEOs on Wall Street. I'd extend the pain down to the Manager level myself.