Lewis M. Andrews
Commentary
The Unseen Culprits in America’s Financial Crisis
To the long list of villains in America’s unfolding economic crisis … the politicians who encouraged risky lending, the bankers who bundled questionable mortgages into marketable securities, and the ratings agencies that gave inflated grades to sub-par debt … add the thousands of supposedly responsible citizens who served as volunteers …
Lewis M. Andrews
January 21, 2009
The Unseen Culprits in America’s Financial Crisis
To the long list of villains in America’s unfolding economic crisis … the politicians who encouraged risky lending, the bankers who bundled questionable mortgages into marketable securities, and the ratings agencies that gave inflated grades to sub-par debt … add the thousands of supposedly responsible citizens who served as volunteers …