Every one of those millions of bad mortages required at least one organization to be evil (“no problem, you can refinance in a year, you are feeling sleeeepy, you will truuuust me”) and at least one person to be stupid (“oh yeah, that makes sense, it’s the future so money will magically appear”). Of course, evil on such a large scale will eventually boomerang, so it’s also stupid. Doesn’t that make you think about the stimulus bill? Sure, a lot of bridges need fixing, but we only let them deteriorate because we’re stupid. I think the money should go to basic research on common sense.
the Daily Whale
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