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Drew on mortgage crisis
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    0 starsdrew_s | Shared With: Everyone - Apr 17 2008 | business, money, insurance, mortgage crisis, news, economics, law
    The Consumerist: Explainers: Blame The Subprime Meltdown On The Repeal Of Glass-Steagall

    A neatly distilled analysis. Not sure it gives proper context, but it is informative.

    Quoted: A lot of blame has sloshed around for the sub-prime meltdown, from greedy borrowers to greedy mortgage brokers to Alan Greenspan, but if you want the real culprit, it was the repeal of the Glass-Stegall Act.

    Gotta love the crabby old Dutchmen at the Consumerist.

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    15 days ago

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