Backer of CRA Myth Appointed to Investigate the Mortgage Crisis

On Monday, Peter Wallison of the American Enterprise Institute slams the proposal for a Financial Products Safety Commission, using a Washington Post op-ed to call it elitist and contend it would limit financial choices to sophisticated consumers.

Are consumers “protected” when they are denied the opportunity to buy products

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Who Will Investigate the Causes of the Financial Crisis?

Now that it looks like Congress will create a commission to investigate the causes of the financial crisis after all, the big question is who will be chosen for the heavy lifting. Pack an investigative commission with people who aren’t likely to aggressively dig into what went wrong, and More…