The laws of economics are no more mallable than the laws of physica, just more controversial. Bad economic policy leads to bed economic outcomes. The collapse of the Frannie and Freddies can be tracked back to the phony concerns about red-lining.
Apon reading this intrduction Lisa Schiffren, Natinal Review, I had to hear what Mark Levin had to say:
I always listen to Mark Levin while making Friday night dinner. Tonight he is giving the most serious, intelligent, cogent explanation of the current economic crisis I have heard or read anywhere. He is giving a precise political and legislative history going back several administrations, but concentrated in the Clinton Administration, where the major changes that led down this road were initiated. Funnily enough, he has explained just what it is community organizers do. Advocating, for instance, for affordable housing for the poor — the poor who traditionally rent, because they are bad loan risks. The day that reasoning by banks was junked as “racist,” was the day this crisis became a possibility. I don’t think he’s ad-libbing — and I, for one would love to read the transcript at NRO in the next day or two.
No transcript, but here a link to Mark’s audiio.
Tags: Lisa Schiffren, Mark, Mark Levin
