{link » Theo Spark: The Best Explanation of How the Financial Crisis was Created}
A couple of the Great Bipartisan Communicators
Theo has the embedded vid. For those who prefer an executive summary, I recommend Richard Epstein's Greed, Or Incentives? in Forbes, which I quoted in Read it; and weep!.
Don't let the real culprits get away with pulling the wool over your eyes. The usual suspects include Barney Frank, Chris Dodd, and their liberal colleagues both inside (Harry Reid and Barack Obama) and outside of Congress (Jimmy Carter and Bill Clinton).
The liberals will blame the Bush Administration's "failed" policies (read free-market capitalism), of course. But it was their progressive policies (read socialism) that enabled irresponsible behavior by lenders and borrowers who greedily offered and accepted mortgages doomed to foreclosure.
A couple of the Great Bipartisan Communicators
Theo has the embedded vid. For those who prefer an executive summary, I recommend Richard Epstein's Greed, Or Incentives? in Forbes, which I quoted in Read it; and weep!.
Don't let the real culprits get away with pulling the wool over your eyes. The usual suspects include Barney Frank, Chris Dodd, and their liberal colleagues both inside (Harry Reid and Barack Obama) and outside of Congress (Jimmy Carter and Bill Clinton).
The liberals will blame the Bush Administration's "failed" policies (read free-market capitalism), of course. But it was their progressive policies (read socialism) that enabled irresponsible behavior by lenders and borrowers who greedily offered and accepted mortgages doomed to foreclosure.
No comments:
Post a Comment