The irony is that their fear will make this a self fulfilling prophecy.
This fear is also unnecessary as the events leading to the real estate bubble are probably unrepeatable. I think the FHA not insuring loans so that people in large urban areas could buy houses was one of the main causes of the real estate loan problem. AIG just delayed the crises, and made it happen all at once, rather than slowly.
We all kept our fear under control so that the economic crises could be fixed. Now it is up the the bankers to get over their fear and LEND MONEY.
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