Have you seen today's Boston Globe?..
Sun Nov 16 14:47:43 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
> adjustable mortgage schemes are to blame...
Let's just say, (like the Telecommunications act), there's plenty of blame
to go around.
Finding one boogey man doesn't quite cover it.
I dont think it's a completely "absurd notion" that people who borrowed more
than they could afford are partly to blame.
There's a comment I've heard in the investing world....when things start to
not make sense, it's time to step back.
Why anyone would sign up for an "interest only" mortgage is beyond me.
I think if you want to see that right-wing talk radio still has an
influence, just look at how people are parroting back all the lines almost
verbatim about the fairness doctrine.
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