Rath on 30 September 2008
Thing Number One: Most of this article is a blistering attack on the reasons why this happened most of which I agree with. That doesn't mean however that removing the causes will fix the problem. If somebody smokes a lot and then gets lung cancer the doctor doesn't just take their packet of cigs and send them home, addressing the cause of the problem isn't the same as addressing the problem itself.
Thing Number Two: He doesn't seem to pay much attention to the flow on effect of the collapse in the financial market - many many other business's need the liquidity that loans afford and without them they also may collapse.
(The above post may contain no traces of knowledge of economics.)
