1. not his fault
2. this is a "100 year event"
3. solvency problem, not an economic problem for the country
4. further regulation not required, as the system works 99% of the time
5. this is all caused by human nature (greed by everyone, not just Wall Street)
6. the liquidity problem will all be over when home prices recover - mid 2009
Somehow this did not all hang together for me. What do you think?
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