Phil Gramm had an op-ed published in the Wall Street Journal’s Opinion Journal on Friday. While nothing in the column cited the Forbes column that I wrote about last night, he makes a good case for the more likely causes of the present turmoil in the U.S. economy as of this date. I’ll leave it for you to read, but I do want to share one quote that I believe will look more prescient as the days of the Obama administration mount:
“Since politicization of the mortgage market was a primary cause of this crisis, we should be especially careful to prevent the politicization of the banks that have been given taxpayer assistance.”
Well said, Mr. Gramm, well said. Read his full column here.
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