Monday, August 27, 2007

Damned If You Do...

Some cogent analysis in Reason from Steve Chapman on the political grandstanding going on around the problems in the sub-prime mortgage market. An excerpt:

"In the old days, financial institutions that refused to lend to people with low incomes or imperfect credit were accused of victimizing the needy. Today, financial institutions that make many loans to those same people are found guilty of the same crime."

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