Clinton Reinvents Himself
Bill Clinton has summoned the media to listen to his take on the never-ending financial crisis. But the man who is now portrayed as an oracle was in fact its chief architect. – IBD Editorials
Posts tagged ‘Fannie Mae’
Fools (and Opportunists) Rushed In
If there is one phrase to describe the events in the subprime meltdown, it is “collective stupidity.” Looking back on the poor underwriting standards for mortgages, the inflated ratings for loans that were packaged together and the unknowns about the new financial instruments that big institutions eagerly gobbled up, it boggles the mind that so many could have rushed in asking so few questions. — John Berlau in Stocks, Futures & Options Magazine
Good overview of a complex subject, placing the blame on too much government intervention, not too little.
