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11-24-2008 12:13 PM #11And even though I understand that bail outs are the only way to avoid an epic melt down doesn't mean I have to like them or cheer for them.
Another thing I do believe in though is the business cycle and even though there may have been substantial economic growth some of that will be lost now and rightly so. You can only cushion the business cycle so much but you cannot undo it. I am also glad to see that there are less $40 million penthouses in NY - that money could probably feed an entire African country for a year. If this crisis does one good thing it is probably to ground everyone a bit.