Monday, February 25, 2008

Paying The Price for Not Enforcing the Law

Where Did the Water Come In?

Katrina Vanden Heuvel, of The Nation, writes:
"Reverend Jesse Jackson was in New Delhi to mark the sixtieth anniversary of the martyrdom of Mahatma Gandhi but the subprime crisis back home was also on his mind. He phoned and said, 'If you look at the analysis on TV, everybody is discussing macroeconomics. CNN, CNBC, MSNBC, none of them go deep in their analysis as to what really happened. The lack of enforcement of civil rights laws, of fair lending laws, drives this economic tsunami. This is not an economic miscalculation - this is the price we pay for not enforcing the law.'"

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