Tag Archives: government pressure

Should We Blame Greedy Bankers For The Housing Crisis?

Politicians don’t like to look at their own interventions that ruined the most reliable business in America for a century — mortgages. Here’s a good letter to the Washington Post on this score: For many months The Post has published … Continue reading

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The Politics Of The Housing Boom & Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. The median-priced home in the United States is 3.6 times the median income of Americans. In Great Britain, the median-priced home is 5.5 times the … Continue reading

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Foreclosing On Fears About Our Financial System

Report: The German finance minister predicts the US will no longer be the “superpower” in global finance. The housing bubble – caused in part by these iffy loans – did finally burst, revealing the false hope that foreign investors had … Continue reading

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