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View Diary: Ben Bernanke Says He's Sorry, And He Won't Do It 'Again' (220 comments)

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  •  Could you please explain (0+ / 0-)

    what you mean by the losses were taken the minute the loans were written.

    I don't think we'll have a Lost Decade.  If I am not mistaken, I believe that refers to Japan's lost decade following a series of policy mistakes made by Japan after its own asset bubble bursted.  The main problem in Japan was that the government did not maintain high enough levels of spending.  I think we don't have that problem.

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