Did Greedy Homeowners Cause the Big Crash?

homeowners

Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.

Are We in America? Or Are We in a Jungle Where Only the Fittest Survive?

Schwarzenegger hugs Team Canada Special Olympics gymnast Emily Boycott [Reuters

This week, by a majority vote, the California Legislature voted to raise some very modest revenues that no one but the most rabid hater of his fellow man could object to. A $1.50 on a bottle of alcohol.  $15 added to a vehicle license fee.  Revenues that would make it possible for the most vulnerable […]

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