I’ll Take Getting the Econ Crisis Wrong for $2,000 Alex

by Chris Dierkes on April 14, 2009

Sorry Mr. President this just isn’t right:

The heart of this financial crisis is that too many banks and other financial institutions simply stopped lending money.

Errr.  The correct answer is “What is a solvency crisis.”

{ 4 comments }

1 Scott H. Payne April 14, 2009 at 8:48 pm

I know that I should go and comment on some of your more substantive contributions of late. But can I just say that this post is fucking awesome?

2 E.D. Kain April 15, 2009 at 7:55 am

Totally.

3 Dave April 15, 2009 at 9:24 am

No, it’s the Community Reinvestment Act!

4 Chris Dierkes April 15, 2009 at 5:55 pm

only a fargin’ nihilist would say something like that about the CRA.

Comments on this entry are closed.