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 The Bank Terrorist
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 The Bank Terrorist
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 …