In article , CJT
wrote:

Rod Speed wrote:

snip
No one cares much about the debt except a few rabid loons.

snip

... just like everybody was happy with the subprime market except "a few
rabid loons."

At the time. Yeah. Congress and the White House and the Fed were all
touting subprime as a way to get more people into houses and help people
who might not otherwise acheive the American Dream. Of course the rabid
loons were eventually proved right (just like the naysayers of the Tech
Bubble, the GoGo 60s, and probably the Tulip Bubble in 1593.
I knew we were going to have trouble when the Rocket Scientists
started telling us that The Subprime Was Different from all the other
bubbles. Generally that is when you start heading for the doors (g).