As we wallow in the financial mess we have created for ourselves, it may be helpful to reflect upon how we got here.
This white paper by the Cato Institute’s Lawrence H. White is as good a summary as you will find.
Mr. White is blunt and to-the-point in his honest assessment on how our economy was derailed.
Read it, or at least read the executive summary, and pass it around or link to it on your web-sites and blogs.
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Tags: cato institute, commercial mortgage, Economy, Lawrence H White, mortgage crisis
