else catches on. If we had written down mortgages in 2007 when I suggested it, w

http://www.nytimes.com/2011/10/13/opinion/how-to-stop-the-drop-in-home-values.htmlSomeone else catches on.

If we had written down mortgages in 2007 when I suggested it, we’d have had almost NO recession and saved ourselves something on the order of ten trillion in value.

This was one of the very few boom-bust cycles that was eminently fixable.