Monday, September 22, 2008

A Mortgage Fable

...as titled by the Wall Street Journal, in this article.

Over the past couple of weeks we have been fed a story by certain elements of the media and the DC establishment that places the entire "blame" for the current financial crisis on private market forces. They claim that if we only had had more regulation and government intervention, that these problems would have never occurred. Alas, reality is more complex than this fable would have us believe.

1 comment:

Tony C said...

Good information. It's hard to wade through the muck of the main stream media and see the details on this financial meltdown.

Thanks for the post