I think so, it just boils down to timing…

We did nothing to fix the housing market; ergo, handing out loans to people that shouldn’t be trusted to find their way out of a wet paper bag. We are still doing this today… We pumped money into the stock market until we forgot about the banks. We are still doing this today… Changed account rules to allow the banks to claim the price of the property when sold as opposed to the currently appraised value, places billions of phony money on their balance sheets. This is allowing the banks to make loans again to people that really shouldn’t have that kind of responsibility.

We’ve been just kicking the can down the road and the road is coming to an end.