Ha, ha, ha, ha, ha! Remember, our federal government colluded with the lenders to set up offshore pseudocompanies for handling the crappy mortgages. By doing that, the feds effectively gave out 'Keep Out of Jail' cards to all wrongdoers.

Posted March 2, 2008 6:33 PM

Bryan Caplan writes:

David writes:
Dr. Caplan, is this something you have shared with your kids?

If The Simpsons does a subprime crisis episode, I may have to!

Posted March 2, 2008 8:21 PM

Matthew writes:

Speaking of mortgage madness, Arnold might want to weigh in on this interesting perspective about Fannie and Freddy. . .

Posted March 2, 2008 8:23 PM

j writes:

Great!

The second part will deal with how these thingies contaminated the financial universe till credit stopped flowing (almost).

Posted March 3, 2008 9:56 AM

8 writes:

If The Simpsons does a subprime crisis episode, I may have to!

More likely a South Park episode where Cartman sells his own feces to investment bankers.

Posted March 3, 2008 2:43 PM

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