Sunday, October 12, 2008

States warned about mortgage crisis -

States warned about mortgage crisis - "One cause, though, has been largely overlooked: the stifling of prescient state enforcers and legislators who tried to contain the greed and foolishness. They were thwarted in many cases by Washington officials hostile to regulation and a financial industry adept at exploiting this ideology."

Must reading. The more I learn about this mess, the sicker it makes me. And I think we're only seeing the beginning. Who knows how high the blame will be shared?

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