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Pastimes : I AM A MINDLESS ZOMBIE

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To: Maurice Winn who wrote (1)	8/14/2002 1:09:41 AM
From: LLCF	Read Replies (1) of 258

Nice thread.... sort of like CFZ, most Americans really didn't understand that Greenspan had held rates artificially low and so projects and loans kept looking real good to them on paper ceteris paribus. A bit more complicated, in that really common sense would tell folks that stocks don't just soar every year and that things had gotten crazy, whereas borrowers could probably make semi-conservative assumptions on the economy and the loans still looked damn good. Too bad they didn't realize it WAS a bubble, until it was too late... of course if they did, they're wouldn't have been one. SOME had the foresight of course, and they benefit from the mindless zombies. DAK

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