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While I agree there's a bubble and that the recent JOBS act has the potential to turn things into a frenzy (see Taibbi: http://www.rollingstone.com/politics/blo
by tdicola 15y ago
While I agree there's a bubble and that the recent JOBS act has the potential to turn things into a frenzy (see Taibbi: http://www.rollingstone.com/politics/blogs/taibblog/why-obamas-jobs-act-couldnt-suck-worse-20120409 http://www.rollingstone.com/politics/blogs/taibblog/why-obam... ), I'm not sure I agree it's near the scale of the mortgage derivative bubble. The mortgage mess involved trillions of dollars across the entire global economy, and set back the entire middle class when it popped (along with destroying and pushing to the brink of destruction some of the biggest financial institutions in the world).