Saturday, October 11, 2008

Overheard in an alley ... well actually (blush) a baseball game chat

Rob Neyer is a red-flanneled shirt nerd from the Pacific northwest who is one of the best baseball commentators going .... and someone made a comment about The Current Situation

Jim (Boston): Subprime mortgage mess . . . Ill-advised loans to non-credit-worthy buyers? Or greedy, corrupt mortgage brokers?

ROB NEYER: Both have been vastly overstated by people looking to score cheap political points. The fundamental problem is that Americans, for many years, have been convinced -- by both political parties, not to mention financial institutions -- that debt doesn't matter, nor does intrinsic value. Except eventually, both do. And now we're all going to pay for it, even those of us who don't have any debt.I don't know who's got the game tomorrow, but I'll be back Sunday. Until then, don't forget: If you sleep on the floor, you never have to worry about falling out of bed.

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