Fed Survey: The Economy is Mending

Thor-Zone9/09/2009 1:00:06 pm PDT

re: #145 pat

The most important lesson we have learned from this recession is that it was government caused.

Very astute! It was the overleveraging of Fannie and Freddie, and the federal pressure put on banks to make other loans that would never be paid back. It was only a matter of time before it all came apart.

I couldn’t agree with you more!