With all of the recent economic new, I thought I would weigh in with my liberal arts educated opinions about the whole credit debacle. . . . .It would seem, from reading the papers, that we are experiencing what economic experts refer to in technical terms as a “pooch screw,” an economic situation in which people are willing to pay way too much. . .for everything. 

Especially housing.

Anyone who has turned on the TV and come across ”Flip This Old Bob Villa”   knows that housing prices were going through a ridiculous bubble recently.  There were people on the show who would buy a house for, like, $3.50, add a little turf in the front yard,  some bland paint in the kitchen, and then “flip it” for roughly $82,000,000 to a couple with 12 kids working at Burger King.   I mean, it was insane.  

Who financed all these mortgages, anyway, Benny Hill?

 Hmm. . .I wonder. . . .you think the show will be picked up next season after the housing market tanks?   Doubtful, yeah?  Unless they change the format. . .maybe something like, ”Spin My Credit” or “Rotate My Escrow.”

In the meantime, we can all rest easy that this will never, ever, happen again.