Have you seen today's Boston Globe?..

Bill Smith bill.smith@comcast.net
Sun Nov 16 05:06:08 EST 2008


Anyone who doubts that right-wing talk radio still has an influence need
only scroll up and see that otherwise intelligent  people have actually
bought in to the absurd notion that  borrowers who were victims of predatory
adjustable mortgage schemes are to blame for thecountry's current fiscal
woes, when fault really lies with the lack of regulatory oversight which
allowed lenders and investors to create the time-bomb mortgages that not
only set up borrowers for failure when adjustments and balloons came due,
but which caused a run-up in demand based on a false ability to pay which in
turn led to price spikes and artificially high prices, which led to more
poison-pill mortgages.


More information about the Boston-Radio-Interest mailing list