Wednesday, June 22, 2011

How did we get here? A little reminder

Nealz Nuze  "A listener pointed me to this paper published by Darrell Issa, a Republican congressman from California.  It’s about the housing crisis and it is the best explanation that you will ever read on the subject.  Don’t be scared by the footnotes.  Don’t be scared by the length.  Read it because you need to know what got us into this crisis, so that we are not doomed to repeat the mistakes that got us here."....
"The moral of Issa’s story is that government, not Wall Street or evil banks, but government policies are what lead us to our current financial crisis, and half-assed government solutions from Barack Obama aren’t going to lead us out of it."

The article:
UNAFFORDABLE HOUSING AND POLITICAL
KICKBACKS ROCKED THE AMERICAN ECONOMY


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