ResourceWise

Batten Down the Hatches: Economic Forecast

I agree with DenisL (Oct 5 at 2:12pm). The mortgage related credit derivatives market is a small part of the total market where lack of clarity of ownership and responsibility is all pervasive. It is necessary for this massive 'can of worms' to be dealt with. If in the process house prices fall to affordable levels and stock values actually represent the worth of the companies - that should be acceptable to all champions of the free market. Public money is better spent on investment in the crumbling infrastructure and in promoting alternative energy solutions. Jobs will follow the money.