The poor aren’t to blame for the subprime mortgage crisis

Max Ehrenfreund, an old classmate of mine, has been writing some fantastic policy-related material at The Washington Post’s “Wonkblog.” I woke up to a very cool piece in my inbox: Irresponsible lending might have been one of the many causes of the financial crisis — but not just irresponsible lending to poor people, according to a new study. “The large [Read More...]