In response to:

Our Government-Created Financial Crisis

adjinstructor Wrote: Dec 12, 2012 11:36 AM
I thought that the CRA was passed in the late 70's. Don't forget that ACORN and various other groups threatened banks that if they didn' 'loosen' their loan criteria, they would go to the politicians to blackmail them...which they did.

Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure."

Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...