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Housing was another bubble, and those investors got bailed out. “Too big to fail”, I believe, is still the prevailing neoliberal wisdom. This is quite a large b
by ave_b_2011 1y ago
Housing was another bubble, and those investors got bailed out. “Too big to fail”, I believe, is still the prevailing neoliberal wisdom. This is quite a large bubble and seemingly one of the only bright spots in the US economy.
I give it a 85%+ chance of a bailout when the tech bubble pops.