Tag Archives: tom sowell

President Obama Today Blamed Wall Street Greed For Economic Collapse

Was Wall Street any less greedy ten years ago? Or 20 years ago? When politicians pass new welfare benefits, is that greedy? When politicians force banks to lend to politically connected minorities with lousy credit, is that greedy? Dennis Prager … Continue reading

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Economist Thomas Sowell Has Released A New Book – Economic Facts and Fallacies: Second Edition

Here’s the new book on Amazon.com. Dr. Tom Sowell was on Dennis Prager’s radio show today. Dennis: “Are we headed towards Greece [style bankruptcy]?” Tom: “Yes.” “The debt ceiling has not limited debt. It provides political cover for presidents to … Continue reading

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Fight Over Troubled Mortgages

Economist Tom Sowell places most of the blame for the housing crisis on government policy, but even he says some of the blame goes to the system that gave many an incentive to write a mortgage knowing they could then … Continue reading

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What Got Us Into This Housing Mess?

On Dennis Prager’s radio show today, economist Tom Sowell said: “What got us into this was that mortgages started to default and there was a whole domino effect going through the whole financial system because people had bought these mortgage-backed … Continue reading

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Was The Housing Bust The Banks Fault?

During his State of the Union address last night, President Barack Obama blasted the bank bailout. It seems clear that Obama and the Democrats will make banks and Wall Street their enemy in the run-up to the 2010 elections. It … Continue reading

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Who Was To Fault For The Housing Bubble?

Was it the Fed’s easy money policy? That drove up commodity prices, real estate, gold and the like. Was it lack of adequate regulation? Until this bust, the mortgage market was reliable. Widows and orphans invested in its bonds. Something … Continue reading

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Tom Sowell Discusses His New Book – ‘The Housing Boom and Bust’

Dennis Prager talked to economist Tom Sowell, 79, on Dec. 15, 2009 about his new book “The Housing Boom and Bust”. Dennis: “Who caused this bust?” Tom: “Government. The people who were forced directly to make the bad loans under … Continue reading

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Racial Discrimination In Mortgage Lending

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading

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Stupid Solutions To The Housing Crisis

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Several senators such as Barbara Boxer want to allow judges to modify loans on principal residences. Why would lenders lend money to people in the … Continue reading

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‘Busted: Life Inside The Great Mortgage Meltdown’ By Edmund L. Andrews

Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading

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