Monday, December 1, 2008

Too late for a shredder

The AP awakens from its slumber long enough for Matt Apuzzo to slap down the Bushist deregulators and their favored lobbyists at the root of the mortgage crisis:

The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown...
Careful there, you might commit journalism!

(h/t R. Neal at KnoxViews)

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