Expat

Injecting Accountability into the Credit Crisis

Bluefire: Great idea. And while we are working on ideas of Great Genius and Sophistication, why don't we help to bail out Ford and GM by systematically torching entire parking lots of cars are shopping malls and football games. Think of the boom in car buying! GM and Ford stock would soar!

Why stop there? Let's knock down skyscrapers. Let's sink the entire US fleet. Hey, we could even eliminate unemployment!

House prices bubbled up irrationally. Everyone thought they were rich. Too many people made bad bet based on this bubble. Now house prices are reverting to long-term levels and everyone is upset (except those who did not buy yet).

House prices have another 25-40% to go. It's reality. It might suck for you, but I love it.