“ Is Obama willing to speak hard truths? Is he willing to say that home ownership is for those with sound credit and solid jobs? Is he willing to say that credit, whether for auto loans, or student loans, or consumer purchases, should be restricted to those who have shown the maturity to manage debt — and no others need apply?
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Systemic Failure - Pat Buchanan
My dad always sends me these Pat Buchanan articles. I like picking through them and see what I agree/disagree with. I think the above quote makes sense, though his discussion about the financial sector offering sub-prime loans because politicians pressured them to is absurd. If a finance guy makes money on a transaction, that’s all the reason he needs to do it.
