Comments on: Tim Duy With A Housing Bubble Case Study http://www.nakedcapitalism.com/2008/05/tim-duy-with-housing-bubble-case-study.html Mon, 23 Nov 2009 02:08:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: jm http://www.nakedcapitalism.com/2008/05/tim-duy-with-housing-bubble-case-study.html#comment-8216 jm Sun, 18 May 2008 23:12:00 +0000 http://www.nakedcapitalism.com/2008/05/tim-duy-with-a-housing-bubble-case-study/#comment-8216 To make a hundred billion or so in bonuses, the denizens of Wall St who created the system that enabled this bubble caused the malinvestment of trillions of dollars. <br/><br/>In a very real way, the Wall St sharpies were like the copper thieves who inflict tens of thousands of dollars of damge on buildings to rip off a few hundred dollars worth of copper.<br/><br/>I've read that some copper thieves will drive up to a commercial building, find an external power outlet, ground it to trip the breaker, then hook onto the wiring with a cable from their truck and just drive off to rip as much wire as they can from the building. <br/><br/>Seems just like what the financiers have done. To make a hundred billion or so in bonuses, the denizens of Wall St who created the system that enabled this bubble caused the malinvestment of trillions of dollars.

In a very real way, the Wall St sharpies were like the copper thieves who inflict tens of thousands of dollars of damge on buildings to rip off a few hundred dollars worth of copper.

I’ve read that some copper thieves will drive up to a commercial building, find an external power outlet, ground it to trip the breaker, then hook onto the wiring with a cable from their truck and just drive off to rip as much wire as they can from the building.

Seems just like what the financiers have done.

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/05/tim-duy-with-housing-bubble-case-study.html#comment-8208 Yves Smith Sun, 18 May 2008 21:40:00 +0000 http://www.nakedcapitalism.com/2008/05/tim-duy-with-a-housing-bubble-case-study/#comment-8208 That's what Mark Thoma told me in LA. Haven't checked to find a bio at the University of Oregon to verifu. That’s what Mark Thoma told me in LA. Haven’t checked to find a bio at the University of Oregon to verifu.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/05/tim-duy-with-housing-bubble-case-study.html#comment-8184 Anonymous Sun, 18 May 2008 13:56:00 +0000 http://www.nakedcapitalism.com/2008/05/tim-duy-with-a-housing-bubble-case-study/#comment-8184 She? Tim Duy is a woman? She? Tim Duy is a woman?

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