"Barney Frank's talking points notwithstanding, mortgage lenders didn't wake up one fine day deciding to junk long-held standards of creditworthiness in order to make ill-advised loans to unqualified borrowers. It would be closer to the truth to say they woke up to find the government twisting their arms and demanding that they do so - or else..."
"Wall Street and private lenders have plenty to answer for, but it was Washington and the political class that derailed this train. If Frank is looking for a culprit to blame, he can find one suspect in the nearest mirror."
Columnist Jeff Jacoby, "Frank's Fingerprints Are All Over The Financial Fiasco," Boston Globe, September 28, 2008.
Columnist Jeff Jacoby, "Frank's Fingerprints Are All Over The Financial Fiasco," Boston Globe, September 28, 2008.
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