This video has been floating around the web for a couple of days… It provides a detailed look at how the Community Reinvestment Act was used to push banks into sub-prime mortgages and how that distorted the housing market… And helped create the bubble that burst. A couple of caveats though… First it lays the [...]
Video: Burning Down The House: What Caused Our Economic Crisis?
September 26, 2008 By Leave a Comment
It’s About Time…
June 22, 2008 By Leave a Comment
Finally! We’re finally starting to see some signs of life from the Bush administration and republicans in congress. Unfortunately, what we’re seeing is another half measure… I’m all for increasing domestic oil production and building new refineries, but those measures won’t have a significant short term impact on the price we pay at the pump. [...]
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