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There's a difference between being prophetic and thinking something through. A prophet tells the future that isn't obvious. That's not what happened here. It
by TomOfTTB 17y ago
There's a difference between being prophetic and thinking something through. A prophet tells the future that isn't obvious. That's not what happened here. It isn't like this just happened. It had been built up for years.
As for it being "right", I didn't say it was. In fact, I said the Government should have just let the company fail. But Congress institutionalized "wrong" here. They've said "It's a great thing for people to own their own home so companies like AIG should make crazy loans and not worry because we'll clean up the mess if it goes wrong"
That's why fault is laid at congresses' feet here.