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Blaming the victim |
| Published: August 18, 2007, 10:22 pm |
| Tags: nyt, subprime, free market, bullshit, economy |
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The New York Times favors us with this captious nonsense:Why did so many homebuyers ignore recent lessons to be skeptical about can't-lose, instant-wealth machines like tech stocks and start viewing real estate as such a certain and profitable bet?Earth to the Gray Lady: Home buyers in the subprime market were not investing; they were buying a place to live. The forgetful idiots were the investment "professionals", those Ivy League refugees from real work, who can't remember the frequent consequences of leverage and debt. [ Full article ] |
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