What I said yesterday about McCain and leadership… Scratch that. My first reaction to John McCain’s announcement that he was suspending his campaign and returning Washington to help craft a financial bailout plan was positive. I though it was bold move that could pay huge dividends down the road. This morning, after rolling it around [...]
Credit Crisis Redux
September 22, 2008 By Leave a Comment
Today’s Wall Street Journal takes a look at our current credit crisis and how we got here. Among the culprits the Journal identifies: The Federal Reserve. Fannie Mae and Freddie Mac. A credit-rating oligopoly. Banking regulators. The Community Reinvestment Act. The conclude their analisys by thusly: We could cite other Washington policies, including the political [...]
How Did We Get Here?
September 16, 2008 By 3 Comments
Ed Morrissey @ Hot Air asks “Whose policies led to the credit crisis?” The answer depends on who you ask… Democrats of course blame Republicans and Republicans of course blame Democrats. Personally, I think it’s safe to point fingers at both parties and the Federal Reserve Board. The roots of the current credit crisis can, [...]
Somthing you should read…
April 18, 2008 By Leave a Comment
Take a couple of minutes to read Jerry Bowyer’s “Don’t Blame the Markets” OpEd in the New York Sun today it does a good job laying out how we got to where we are in the current sub prime mortgage mess.
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