Peter Wallison's Dissent from the Majority Report of the Financial Crisis Inquiry Commission

[rickschastain]

Seriously? This guy sits there with a straight face and expects us to believe that this whole crisis can be blamed on the individual borrower, and on the government who forced banks to make loans to unqualified borrowers.

[CharlieMcBarley]

Subjectivity is the enemy of appropriate financial accounting. Careless residential mortgage loans encouraged by the political powers that be, should embarrass every grownup in the room. Oops. Sorry European investors in u.s. mortgage backed securities.

[netpropheting]

Ron Utt's paper "the subprime mortgage market collapse a primer" is also excellent and comes to the same conclusions.

[JRobbySh]

If an idea seems to be too good to be true, thenit probably isn't. To use the housing market to socialize housing was a bad idea. Now both Democrats and republicans are trying to avoid blame for pushing it.

[micflor531313]

Everyone in the U.S. should read the Dissent, also Edward Pinto's "Triggers" memorandum. It was NOT the Wall St. greedy bankers and hedge fund managers, but the Federal Govt. who wanted to put unqualified people into homes, that caused the mortgage meltdown, and the Recession.

[Tracywithafacey]

@micflor531313 Its such a shame this doesnt fit what most people like to believe: GREEDY BANKERS WE SHOULD KILL YOU ALL! Arghh it frustrates me

[bodyheals]

interesting counter to this larouchepac. c o m /node/17482?nid=17482&lid=0-1-­0-1-0