[NU Sports] Basketball Coaches salaries

[hakirsch at aol.com]

A study was done refuting that. Europe had the same problem without CRA

Harry
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: "Roy Lamberton" <rstetson at capps-assoc.com>

Date: Fri, 13 Mar 2009 23:28:07 
To: <Hakirsch at aol.com>; <tbng at comcast.net>; <nwu-sports at tssi.com>
Subject: RE: [NU Sports] Basketball Coaches salaries


ACTUALLY

It was forcing banks to make loans to people who could not qualify for those
loans led to the collapse, but you have to go back 20+ years to the Carter
era.

rsl

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-----Original Message-----
From: nwu-sports-bounces at tssi.com [mailto:nwu-sports-bounces at tssi.com] On
Behalf Of Hakirsch at aol.com
Sent: Friday, March 13, 2009 9:19 PM
To: tbng at comcast.net; nwu-sports at tssi.com
Subject: Re: [NU Sports] Basketball Coaches salaries

In a message dated 3/13/2009 5:58:30 PM Pacific Daylight Time, 
tbng at comcast.net writes:

> The economic mess we're in has nothing to do with those who can actually 
> pay 
> their bills.  If you want to destroy the American economy, attack those
who 
> are successful, take their money, and give it away.  Scary.
> 
> 

No--giving one way incentives for people to make millions of dollars if
their 
bets are right , while losing nothing if their bets are wrong, helped lead
to 
the  economic mess we are in--
This perverse incentive structure encouraged all of those involved to make 
huge bets which tunred out to be wrong the past few years and has
contributed to 
shakiness of the world's  financial system 

Harry



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