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American Enterprise Institute Has The Mortgage Mess Backward
American Enterprise Institute Has The Mortgage Mess Backward
Our guest blogger is Tim Westrich , a Research Associate at the Center for American Progress Action Fund. In a front page article in today’s American Banker (subscription required), Peter Wallison, a Fellow at the conservative American Enterprise Institute and a promoter of deregulation, ...
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Former Housing CEOs: Poor People Did Not Cause The Current Financial Crisis
Think Progress — ... for lower-income and minority families. As CAP scholar Tim Westrich has written, “The real culprits in the mortgage mess are non-bank mortgage companies — not covered by ...

Limbaugh’s Crazy Conspiracy: Democrats Started The Economic Crisis To Help Elect Obama
Think Progress — ... CAP’s Tim Westrich has more on how the “root cause of the financial mess is the hands-off approach towards mortgage and finance markets by the Bush administration, and its lack of action when a disaster was imminent.” (HT: TP reader DK) ...

Cheney: Financial Crisis ‘Developed’ Only ‘Over The Last Six Months’
Think Progress — ... markets do best when let alone. […] As early as 2006, top advisers to Mr. Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Mr. Bush and his team misdiagnosed the reasons and scope of the downturn; as recently as February, for example, Mr. Bush was still calling it a “rough patch.” As CAP’s Tim Westrich has noted, the “root cause of the financial mess is the hands-off approach towards ...

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