Quote of the day

Loading Quotes...


Another Subprime Link

For those who have read my page of links to articles on the Subprime Meltdown, I’ve added one more – “The Government-Created Subprime Mortgage Meltdown” by Thomas J. DiLorenzo.

As the title implies, he holds the Government (not the treasury, nor the federal reserve, but the government itself) responsible and he cites the 1977 Community Reinvestment Act (CRA) as the genesis of our current mess. As always, any other suggestion, please add a comment.

Joe

Leave a Comment