Comments and observations on social and political trends and events.

Saturday, March 1, 2008

Links on the subprime mess

During my recent weekly doubles tennis match one of the fellows in our group launched into a rant about the pending collapse of the real estate market with the potential for a domino effect on other financial markets due to the subprime lending fiasco. I haven't paid much attention to this subject other than to notice the frequent buzz about this in the news. My teammate's panic-stricken comments spurred me to look into the subprime situation. Rather than regurgitate what I found I decided to provide some links. As usual the news media and our demagogue elected officials who want to make political hay off of this artificially created predicament got it wrong yet again.


Don't Waste Your Time If You Can't Pay the Prime

Sub-Prime Politicians and Mortgage Loans By People Buying Homes by Thomas Sowell

Subprime Economics
by Alan Reynolds

The Subprime Crash
by Arnold Kling

The Morality of Moneylending: A Short History by Yaron Brook

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