Gee Matt, I dono if that’s a very accurate interpretation of how things actually happened. What’s your angle?
Wasn’t it Bush and his business cronies that pushed the changes to mortgage lending practices through Congress (with the explicit blessing of the FRB system) that created this mess so they could avoid the impending ’02 recession/depression?
The Dodd bill enjoys precious little support from either side of the aisle – the data is out there if you look for it. It’s abundantly clear that only the Senators and Congressmen with very close ties to the Banking industry seem to feel that this bill is a good idea – any guess why?
It’s time to let markets work like they’re supposed to – without unfair support for *both* consumers and corporations.
