Giving Birth to the Mortgage Crisis

The current mortgage disaster is emerging as the perfect example of the widespread damage that can occur when big business and big government work closely together to enrich themselves under the guise of “expanding opportunity” (for who could be against that?). The consistent loosening of credit standards allowed for quick, large-scale money grabs, leaving taxpayers and savers to clean up the mess. The Village Voice has an informative article from the center of the storm, Andrew Cuomo’s New York.