President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis thats been a shame. – Glenn Hubbard
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The nature of catastrophe is, after all, reasonably unvarying in the way it ruins, destroys, wounds and devastates. But if something can be learned from the event – not least something as profound as the theory of plate tectonics – then it somehow puts the ruination into a much more positive light. – Simon Winchester
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