Political Class Dismissed

So, progressives, please stop blaming it on free-market capitalism and greed. You’re just embarassing yourselves.

From The Independent Institute’s awesome blog, The Beacon:

In an insightful interview, Fannie Mae’s first Chief Credit Officer, Edward Pinto, corroborates our Research Fellow Stan Liebowitz’s Independent Policy Report, Anatomy of a Train Wreck: Causes of the Mortgage Meltdown. Interviewed by Chip Hanlon, President of Delta Global Advisors, Pinto discusses how the affordable housing/lending lobby chipped away at lending standards until there were none, creating a gigantic and nonviable financial bubble that has triggered a global recession. Click here for more…