Monday, May 26, 2014

10 Myths About The Financial Crisis

Scan this report down to the section under the heading "Truth about the Financial Crisis" for a list of 10 myths, mainly about the housing component of the crisis:

http://www.salon.com/2014/05/25/toxic_bankers_captive_regulators_everything_you_think_about_the_housing_market_is_wrong/

It takes a while to read, but it should help you understand how both the government and the MSM distorted our perceptions before, during, and after the crisis ... if we can even say there was an "after" (and not just a calm before the next storm).

When a "regulated" industry captures its regulators and controls most of the aspects of public discussion of its affairs, it can get away with anything. Our protection against this is supposed to be a vigilant executive branch and investigative journalists, but apparently neither of these exists any more.

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