New Bubble

24 03 2009

I have to say that I agree with this assessment wholeheartedly.  Aren’t we just creating a new bubble from the old bubble that just burst?  Using leverage to buy bundled mortgages only this time we KNOW they are toxic?  Don’t get me started on the unfairness of rewarding the douches that got us into this (Mike Morgan in the linked post addresses that better than I can).  Kleptocracy, kleptocracy, kleptocracy.  Fuck me.

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