Phil Gramm, Unswayed Champion of Deregulation
He blamed others for the crisis: Democrats who dropped barriers to borrowing in order to promote homeownership; what he once termed “predatory borrowers” who took out mortgages they could not afford; banks that took on too much risk; and large financial institutions that did not set aside enough capital to cover their bad bets. Full Story »
Posted by Derek Hawkins - via Columbia Journalism Review
