Posts Tagged with “Bush”

Phil Gramm: The Deregulator

It’s a convenient excuse: claiming that the financial crisis was caused by the poor and those who made it easier for them to get mortgages. The problem: it’s simply not true. In a New York Times Op-Ed, Michael Barr and Gene Sperling lay the blame squarely where it belongs — with investment bankers, mortgage brokers and the willful lack of government supervision by the Bush administration. For his part, economist Michael Ettlinger looks at the conservatives’ claims and concludes, “they’re so far off the mark that one can’t even give them points for cleverness.”