Sep 30, 2008 3
JJA is JJA
working vanlandw: http://www.youtube.com/watch?v=ticytEUvVhQ
jjafuller: He is in part correct
jjafuller: The underlying issue is a market failure, in that there are information asymmetry issues, and not everyone did their due diligence
jjafuller: These issues were exacerbated by government mismanagement (they would not have been as bad if the govt had not been involved”
jjafuller: The continual bailouts in the financial industry which have been occurring since ww2 have introduced a moral dilemma (type of market failure) which continued to build up the scale of the issue
jjafuller: Had the gov’t simply allowed the market to under go self corrections there would have been a little turmoil a long time ago, and the issues would not be affecting us today
jjafuller: Sheer no response
working vanlandw: sorry
jjafuller: :-p



Recent Comments