Subprime Thinking

Did Liberals Cause the Sub-Prime Crisis? | The American Prospect: “It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis. Just as sub-prime lending was exploding, CRA was losing force and relevance. And the worst offenders, …

Obama Casts Wide Blame for Financial Crisis and Proposes Homeowner Aid – New York Times

Obama Casts Wide Blame for Financial Crisis and Proposes Homeowner Aid – New York Times: “‘Instead of establishing a 21st-century regulatory framework, we simply dismantled the old one,’ he said, ‘aided by a legal but corrupt bargain in which campaign money all too often shaped policy and watered down oversight.’” (Via The NY Times.) I’m …