Things I think while preparing for Property

Reading the past three years of the Credit Slips blog backwards (1) is depressing and (2) makes me appreciate Elizabeth Warren's (and the others', including my colleague Adam Levitin's) self-restraint in not spending all day yelling WE TOLD YOU SO! The comments from 2006 and 2007 arguing, in response to main posts, that there was no real subprime problem at all are quite something.