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The Next Crisis

Submitted by denlesko, Sep 24, 2008 11:31

No truer words were ever spoken. I wish to ask Chris Dodd how this all happened. First, I distinctly remember him back in the 1990's crying the blues for the poor in wallet not being able to afford their own homes. He was a big proponent of CRA and the Senate Banking Committee was instrumental in getting lenders to lend more to the oppressed which resulted in lower credit standards. And everything was going along just fine, especially when he got his sweetheart treatment from Countrywide, until the lower credit standards all of a sudden caught up. I cannot see how that pompous windbag can ask questions of Paulson or Bernake when this mess happened on his watch as Chairman of the Senate Banking Committee. We should all be asking questions of him!

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Other reader comments on this article

Comment	By	Date
John is right-on-the-$!! Keynesian/Galbraithian interventions in the marketplace coupled with "bipartisan" legislation (read-stupid and evil) and inflating easy credit Fed... [MORE]	Johnny Rotten	Sep 28, 2008 21:51
Typical gum-flapping from Stossel. He'd be much better off as a Freddie Mercury impersonator. "Market checks" would've solved everything, huh,... [MORE]	JohnnyRussia	Sep 24, 2008 16:05
Good article! No bailouts for anyone. The hard-working taxpayer should not be forced to rescue bankers who made obviously bad... [MORE]	Phil	Sep 24, 2008 13:21
No truer words were ever spoken. I wish to ask Chris Dodd how this all happened. First, I distinctly remember...	denlesko	Sep 24, 2008 11:31
What deregulation? Well, how about the repeal of Glass-Steagal? How about the changes that allowed companies like Lehman Brothers to... [MORE]	ssbaker305@yahoo.com	Sep 24, 2008 11:15
Bravo! John Stossel is absolutely right! I wish McCain-Palin would adopt an unambiguous "no bailouts" position. They would be cheered... [MORE]	Richard Amerling, MD	Sep 24, 2008 09:47

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