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TOO cosy with Wall Street during the boom, too soft on it in the bust.
In the bust many borrowers have had to find more collateral to offset falling asset prices.
And real estate investors are eager to spend cash reserves hoarded in the bust.
Nearly six million borrowers have already lost their homes in the bust.
In the bust of the 1990s, the Nahmads reversed course and went on a buying spree.
He lost it all in the bust, then re-emerged in the trucking business.
And it would mean higher interest rates now in the bust, making the recession even deeper.
In the bust countries of southern Europe they're also starting to take notice.
After all, much of the industry's profits from the boom have been vaporized in the bust.
Some behaved irresponsibly during the boom times, to be sure, and many have been caught up in the bust.
One reason Pittsburgh looks better in the bust is because it never had a real estate boom.
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