Twenty-Five Minutes of Truth on the Mortgage Mess
Peter Wallison, the economist who spent several years warning us that the government’s hamhanded manipulation of the mortgage markets would turn out badly, gave a very good speech on the subject at Reason Magazine’s 40th anniversary shindig. The government’s culpability in causing the housing bubble and pushing garbage mortgages on people who could never in a million years afford them has been a woefully-underreported story by the MSM. Wallison’s speech fills in many of the blanks that the major media outlets have created.
Other Posts of Interest:
- The Roots of the Subprime Mortgage Mess Have Clinton All Over Them
- The Post Where I Give the McCain Campaign a Few Thousand Dollars Worth of Free Advice and Save their Butts from a Landslide
- Yet More on the Mortgage Mess, Including What Must Happen
Category: Featured, Our New Democratic Overlords, The Economy and Your Money
Great speech. If only a majority of Americans could have absorbed that before Nov 4th. It would have been nice to see the PowerPoint he was referring to.
Off subject, but I wish you and your family a very Merry Christmas.