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A couple of op-eds that resonated....

By Nancy Rapoport

As we start out in 2008 (and here's wishing everyone a good 2008), I wanted to note a couple of op-eds that resonated with me:  one from the New York Times on December 26, suggesting that creative mortgages aren't such a bad idea, as long as those lenders who are offering them can explain them clearly to the borrowers (Michael S. Barr, Sendhil Mullainathan, and Eldar Shafir, A One-Size-Fits-All Solution, here), and one from the Wall Street Journal on December 28, pointing out that adding new laws to deal with the subprime crisis won't be nearly as useful as will figuring out why humans do some of the dumb, self-destructive things that we do (Neil Weinberg, Subprime Conduct, here).

Full post as published by Nancy Rapoport's Blogspot on January 01, 2008 (boomark / email).