Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

Todd Zywicki Supported Subprime Lending

"[T]he growth in subprime lending is not creating overwhelming debt burdens for low-income households." -- Todd Zywicki.Over the years, Todd Zywicki has made highly suspicious arguments regarding consumer lending and consumer behavior.  The usual theme: Banks should be able to do whatever they like, because this benefits the poor.  Thus, he supported the "Bankruptcy Abuse Prevention and Consumer Protection Act," which made it harder for poor people to file for bankruptcy.  He opposed a proposal that would have allowed bankruptcy court judges modify mortgage contracts in a way that would keep poor people from being foreclosed upon.  Lately Zywicki has been claiming that the recent credit-card reform legislation is bad - again, because refusing to allow banks to raise interest rates for no reason helps the poor...continue to full post

Full post as published by Crime & Federalism on August 22, 2009 (boomark / email).