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The Big Picture | Misunderstanding Credit and Housing Crises: Blaming the CRA, GSEs

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The Big Picture | Misunderstanding Credit and Housing Crises: Blaming the CRA, GSEs
Topic: Current Events 8:40 am EDT, Oct  2, 2008

This particular bit of partisanship would be easy to ignore if it was only coming out of the mouths of pundits, but we're actually hearing legislators calling for the repeal of the CRA.

There are too many people who are trying to duck responsibility for the current mess, and seeking to place blame elsewhere. I find this to be terribly important, as we seek to repair the damage amidst an economic crisis. Rather than objectively evaluate the present crisis in an attempt to craft an appropriate response, the partisan hacks are trying to obscure the causes of the current situation. Like burglars trying to destroy the surveillance tape, they are all too aware of their role in the present debacle.

Shame on them for their foolishness or cowardice.

The Big Picture | Misunderstanding Credit and Housing Crises: Blaming the CRA, GSEs



 
 
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