Comments on: Housing Bubble Coverage: Defending the Indefensible http://citmedia.org/blog/2008/03/25/housing-bubble-coverage-defending-the-indefensible/ Sat, 17 May 2008 18:09:38 +0000 http://wordpress.org/?v=2.5.1 By: Pie and Coffee » Kid with stupid hair turns self in for church graffiti http://citmedia.org/blog/2008/03/25/housing-bubble-coverage-defending-the-indefensible/#comment-153000 Pie and Coffee » Kid with stupid hair turns self in for church graffiti Wed, 26 Mar 2008 18:37:34 +0000 http://citmedia.org/blog/2008/03/25/housing-bubble-coverage-defending-the-indefensible/#comment-153000 [...] crisis Editors: We warned our readers. Dan Gillmor: “What tripe.” Published in: Items, Worcester | on March 26th, 2008 | Permanent Link [...] [...] crisis Editors: We warned our readers. Dan Gillmor: “What tripe.” Published in: Items, Worcester | on March 26th, 2008 | Permanent Link [...]

]]> By: Amir Syed http://citmedia.org/blog/2008/03/25/housing-bubble-coverage-defending-the-indefensible/#comment-152997 Amir Syed Wed, 26 Mar 2008 02:55:57 +0000 http://citmedia.org/blog/2008/03/25/housing-bubble-coverage-defending-the-indefensible/#comment-152997 Unfortunately the collapse of Bear Sterns, one of the five main investment banks, can be compared to the magnitude of Arthur Anderson, Enron, etc. You would think 13,000 employees on the brink of being laid off from such a major player would recieve much more publicity. Also, I think everyone was blind during the bubble. Brokers, lenders, journalists, regulators, etc. What a mess, but America is a great country and will inevitably rebound, but will we make the same mistake? Look for Wall Street to regain an appetite for subprime loans again and steadily reintroduce new products under the name "hard money". Unfortunately the collapse of Bear Sterns, one of the five main investment banks, can be compared to the magnitude of Arthur Anderson, Enron, etc. You would think 13,000 employees on the brink of being laid off from such a major player would recieve much more publicity.

Also, I think everyone was blind during the bubble. Brokers, lenders, journalists, regulators, etc. What a mess, but America is a great country and will inevitably rebound, but will we make the same mistake? Look for Wall Street to regain an appetite for subprime loans again and steadily reintroduce new products under the name “hard money”.

]]>