In a testy interview on Tuesday's NBC Today, fill-in co-host Savannah Guthrie avoided asking retiring Massachusetts Congressman Barney Frank about his role in the collapse of the housing market and yet the liberal Democrat still complained: "You've managed to ask all sort of negative questions.....you're four for four in managing to find a negative approach."
Guthrie began the segment by fretting that the Democrats could lose Frank's House seat: "...you said that your district has been redrawn in a way that would make it more difficult for you to win re-election. My question is, are you leaving your fellow Democrats in the lurch? It won't be any easier for any other Democrat to win this seat, right?"
There’s been plenty of blame placed on home lenders, and that’s led to a call for more regulation by many politicos.
But what about the borrowers who agreed to the loans’ terms and the cost of any regulatory action enacted to protect these borrowers?
Barbara Kiviat disregarded those key points in her article “Ground Zero of the Real Estate Bust,” published in the August 27 issue of Time. She suggested there was a predatory element involved meant to lure the unsuspecting “addictive” borrower to get in over his head.
“Still, the EZ Credit addiction is tough to cure,” wrote Kiviat. “Drive through Green Valley Ranch, and you still see signs for 0 DOWN PAYMENT, 100% FINANCING.”