Another Great Victory
Friday, December 19, 2008—Despite a day and a half lost to the recent ice storm—no, we’re not complaining, we got off light—we published on schedule today. And so, in our annoying fashion, we’re posting here our paper of two weeks ago. In our Fortnightly Rant of Vol. 253, No. 5, published December 5, we tried to put into perspective the then-recent news that federal bank regulators working for the Bush administration had proposed tighter restrictions on mortgages way back in 2005, but were brushed aside in the usual frenzy to let the market do whatever the hell it wants, and worry about how it turns …