We could put the 10,000 brightest people in the world in a room to attempt to find the right solution to our economic problems and they still could not make a decision as wise as the result of millions of tiny decisions made every day in the market. Markets are efficient. They punish bad behavior and reward good behavior.
Posts Tagged ‘john linder’
Linder: `Mark to Market` Explained
Posted by BobG on October 2nd, 2008
My Congressman, John Linder (R-7th GA), provides a good explanation of a phrase heard often during this week’s debate on the mortgage crisis. Linder points out that, contrary to the claims of the alarmists, there are options for dealing with the crisis. I hear those of you who say, `Don’t lift a finger to help [...]
Posted in Politics & Government 
Tags: john linder, mark to market, mortgage bailout, wall street 
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