The fair-lending task force's original policy paper undercuts the notion the financial crisis was all about banker "greed," though it certainly played a role after the fact. Rather, it offers compelling evidence that the crisis evolved chiefly from government mandates and threats to increase lending to applicants who could not afford them.Strangely enough, I remember reading about the study mentioned above way back when. It's nice to have someone other than President Bush to blame. Now, how do we dismantle this group?
Tuesday, November 1, 2011
Clinton Did It
Smoking-Gun Document Ties Policy To Housing Crisis