Andrew Denney Posted 12 months ago Is America past its prime? DISCUSS WITH Robert Gordon and Erik Brynjolfsson in a LIVE DEBATE, Thursday at 4pm Eastern. You're painting pictures of the private and public sectors with very large brushes. Large banks that played fast and loose with subprime mortgages in the lead-up to the housing market collapse did not "pay for their mistakes" and go quietly into the night. They had us pick up the tab and they are richer than they were before. And government institutions have shown the ability to adjust their approach. Public housing is a great example. The U.S. Department of Housing and Urban Development no longer pours money into dense, sprawling mini-cities like Chicago's Cabrini Green or St. Louis' Pruitt-Igoe to house the poor, and has instead diverted more resources to tax credits that can be used by entice private developers to build affordable housing.