March 10, 2009

Proposal: Financial "Son of Sam" Law

Look Who’s Cashing in on the Mortgage Mess Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has...
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Preventing Financial Stroke

Tightening Credit Snares the Healthy, Too Without doubt, credit was extended too freely over the past 15 years, and a rationalization of lending is unavoidable. What is avoidable, however, is taking credit away from people who have the ability to pay their bills. If credit is taken away from what otherwise is an able borrower,...
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