Showing posts with label lending. Show all posts
Showing posts with label lending. Show all posts

John Stossel: The Next Bubble

They're doing it again!      When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as 3 percent. "It will work out," said the optimistic bankers. Regulators didn't disagree. Everyone said, "Home prices  ... MORE

Thomas Sowell: Predatory Journalism

Exploiting the ignorant.  The New York Times is again on the warpath against what it calls "predatory lending." Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest  ... MORE

Give "Capitalism" A Chance

by Shanmuganathan Nagasundaram.     The prevailing majority opinion in the country and the world over is that the crisis of 2008 was caused by greedy speculators and unregulated capitalism (the repeal of the Glass-Steagall Act in the US, unfair lending practices, etc). But that’s not so, and it’s probably best to start by defining what       ... MORE

California City Tramples Property, Contract Rights

by Bob Barr.       It’s easy to make fun of California, the “Land of Fruits and Nuts,” with its history of “flower power” and its “fragrance free zones”; where environmental whackos are exalted, and Second Amendment supporters demonized. What is not humorous, however, are efforts by officials in the Golden State to use the power of      ... MORE

John Stossel: The Clinton Myths

Here's to arrogance and delusion.   Bill Clinton got rave reviews for his speech at the Democratic National Convention. My wife said: "Clinton was great. He made Republicans look like liars and losers." Clinton, now a sainted elder statesman, also gets credit for the booming economy of the '90s. Today, he appears in an Obama commercial — in full "I feel   ... MORE

Thomas Sowell: The Brass Standard

Politics takes a lot of brass. And Bill Clinton is a master politician. His rousing speech at the Democrats' convention told the delegates that Republicans "want to go back to the same old policies that got us into trouble in the first place." That is world class brass. Bill Clinton's own administration, more than any other, promoted an unsustainable ... MORE

Gary Owen: Housing Crisis Redux

New wave of subprime loans demanded by government.    The 2008 melt down of the economy was a lesson.  The government learned well and is doing it better this time. A new wave of subprime mortgages is here, more powerful than the  tsunami that washed away the worlds economy with the Community  Reinvestment Act.  William Tucker informs us     ... MORE

Housing Crisis Caused By Government, Not Bankers

Smoking-gun document ties policy to housing crisis. President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis. "You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack ... MORE