xanthus4966

Assets and Capital: The Two Major Issues in this Crisis

The root of this problem is the bursting housing bubble. Nobody had a problem as real estate prices went up 40%+ over a few years. Borrowing was simple, banks practically gave it away. Now we have the reckoning of "loose" credit practices, low real interest rates, and a depressed dollar. This isn't the taxpayers fault. Neither me nor any of my clients will pay one dime in income tax to pay for a corporate stockholding investment risk, no matter how broad the effect.