Tuesday, June 22, 2010

Subprime Lending and Lobbying

Funny. Lots of "government failure" advocates for explaining the housing bubble point to all sorts of things that the democrats did in the 1970s and before (in addition to the horrible, horrible greed of poor people) for somehow precipitating the sudden rise in subprime loans. Few point to this (note the bill's sponsor), and even fewer likely want to see this (full, but gated, article here).

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