Of coarse politics is defined as blaming and lying for personal advantage. But I believe the reality of the financial mess lies, not only with the government who opened up the leverage of capitol, but also with those who knew this was bad and that it couldn't sustain itself, but kept going. I guess it is like looting. If everyone is stealing from Wal-Mart, and it is clear that no one is stopping them (seemingly encouraging them), then why shouldn't I steal, too? Peter Wehner @ The Corner
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It recognizes other factors that contributed to the present financial crisis — from easy money to government encouraging lending to people who were unlikely to repay their loans — but it does not let the private sector off the hook.
Friday, April 03, 2009
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