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Bailout

: Calculated Risk

Lowell: The Natural History of a Rumor

By Anonymous

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Linda Lowell at HousingWire wrote a great piece chronicling the history of that ridiculous rumor last week of a massive bailout of underwater homeowners: "Slam Dunk Stimulus" ? The Natural History of a Rumor

I'd like to thank Linda for mentioning my reaction ("nonsense"). I usually ignore these rumors, but this one was getting significant coverage and was obviously nonsense.

Linda's piece is excellent.

Full post as published by Calculated Risk on August 11, 2010 (boomark / email).

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