Law, Life and Learning at Penn State Law School and Beyond
My sense is that the market would correct for this situation and in the end the economy would be okay. Yes, the sub-prime bust is bad for some people, but it's also an opportunity for others who are in a position to take advantage of the situation. Overall, it would even out. Also, if the government steps in to ease the pain, the players (debtors and creditors) won't learn the harshest lesson required to prevent it from happening again. I'm just learning how all this works so feel free to tell me what I'm missing.
Post a Comment