Musings about my newest hobby, playing the Ukulele. I am sure I will post about other happenings in my life, but this is more about the Uke than anything else.
Tuesday, March 2, 2010
Financial Reform Now!
Here is a telling quote from Paul Krugman:
There’s no question that consumers need much better protection. The late Edward Gramlich — a Federal Reserve official who tried in vain to get Alan Greenspan to act against predatory lending — summarized the case perfectly back in 2007: “Why are the most risky loan products sold to the least sophisticated borrowers? The question answers itself — the least sophisticated borrowers are probably duped into taking these products.”