By "Great" we don't mean positive, but large ... very, very LARGE! This is a podcast of Dennis Prager's radio show from September 24, 2008 where he reviewed the WSJ editorial, "Blame Fannie Mae and Congress for the Credit Mess", written by Charles W. Calomiris and Peter J. Wallison:
http://tinyurl.com/2008CreditMess
These gentlemen are serious economists and academics with irrefutable credentials:
http://www0.gsb.columbia.edu/faculty/ccalomiris
http://www.aei.org/scholars/scholarID.58,filter.all/scholar.asp
Listen to what Prager has to say and then carefully read the article.
All serious comments welcome.
Thanks for making this video. All voters should be aware of how this mess came about so that we don't repeat the same mistakes again.
CPAsheldon 3 years ago