In light of the current liberal mindset which blames Wall Street greed and predatory lenders for the current sad state of our economy, Thomas Sowell presents a couple of questions.
Take Wall Street "greed." Is there any evidence that people in Wall Street were any less interested in making money during all the decades and generations when investments in housing were among the safest investments around? If their greed did not bring on an economic disaster before, why would it bring it on now?
As for lenders, how could they have expected to satisfy their greed by lending to people who were not likely to repay them?
Since our leftist congressional majorities can't think of anything but more government regulation to remedy this depressed economic state of affairs, we should expect it to drag on for years.
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