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Loan Modification

: Mortgage Lender Implode-o-Meter

Obama's New Economic Advisor Defended Subprime Lending

By Implode-Explode Heavy Industries

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"Some people saw the subprime problem coming. Many more these days like to claim they did. One person who is definitely not in the early spotters camp is Austan Goolsbee, who last week Obama named chair of the White House's Council of Economic Advisers. Just months before the financial crisis got started, Goolsbee defended subprime lending."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).

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