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Thursday, October 02, 2008
Ken Blackwell on the Housing Collapse
Great article here...
"But we must look to the root cause. It is not the loosening of regulations from the Clinton years, or the push for home ownership by the administration and certain congressional leaders, or the corrupt practices at Fannie and Freddie, or the greed of financiers. All of those played a role. But those factors could not cause a collapse by themselves.
We have become a culture addicted to instant gratification and a fixation on the material. Increasingly, concepts such as duty, self-denial, hard work, delayed gratification, and patience have been swept away."
10/02/2008 03:52:00 PM by Todd Bacon
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