28
Sep
08

Jeff Jacoby article on the mortgage crisis

Jacoby explains that the roots of the mortgage crisis go back to the Carter administration, when liberal activists complained of racist lending practices, forcing the governement to pass regulation laws that required the companies to lend to people who simply couldn’t pay. Jacoby’s good, and one of my favorites. http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

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