The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities– an interesting article from 2000 by Howard Husock that warned of the possible consequences of the CRA. (tips to Instapundit) Excerpt: If loans that win banks good CRA ratings were going
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When we complain about others being ideological, aren’t we really complaining about their ideology? It is not the act of committing to a principle, it is the principle they are committed to. It is the other person’s ideology we have
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“The government fell into the same deeply anti-capitalistic error that plagues contemporary financial theory: it put money before mind. Rather than addressing the intellects of citizens with the information to make prudent decisions, it tried to bribe them with cash
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It is worthy to note how the president’s popularity has dissipated so rapidly in his first year. I believe it is for three reasons. Obama’s success was more related to luck than his party wants to admit. The timing of
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