20 Eylül 2008 Cumartesi

Another View of our Current Financial Meltdown

Libertarian talk show host Neal Boortz has up an interesting article on the current mortgage/financial sector melt down. He has a unique perspective as he was a real estate lawyer before and during the beginning of his radio career. His basic argument is that the government caused the current crisis by passing legislation that forced banks to lend to unqualified borrowers. If they did not, then they would be limited by the government as to opening new branches. So in essence, if they wanted to grow, then they had to make these loans.

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