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Loan Modification

: Mortgage Lender Implode-o-Meter

Peter Schiff: Barack Obama?s Wall Street Reforms Are Doomed To Failure

By Implode-Explode Heavy Industries

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" Once again, President Obama completely missed the mark on the causes of and solutions to the financial crisis. In his speech this morning, the President outlined a major initiative to increase regulation of banks. He claims the financial crisis was caused by reckless speculation by greedy bankers in search of quick profits. What he fails to acknowledge is that this behavior was the direct result of the cheap credit supplied by the Federal Reserve and the moral hazard supplied by government regulations and subsidies. "

Full post as published by Mortgage Lender Implode-o-Meter on January 25, 2010 (boomark / email).

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