Thursday, May 29, 2014
Could Have Gone Further
Timmy's book is out and from what I gather it's rather self-serving. They saved the banks but ignored everyone else, and the economy continues to suffer as a result. They could have seriously written down/off mortgages and student loans, but they didn't, and so people (even those with good jobs) are more financially constrained than they could have been and so the economy isn't not-sucky.