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W. E. Williams: Lessons From the Bailout

Posted on Wednesday, October 8, 2008 at 11:19 am

williams2.jpgWalter E. Williams: … Congress started intimidating banks and other financial institutions into making loans, so-called subprime loans, to high-risk homebuyers and businesses… Accounting fraud and deception are the dominant features of government agencies… Shouldn’t the accounting standards businesses have to meet be applied to Washington? My answer is yes and if a congressman says no, I’d like for him to tell us why. Read the whole article here.

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