I am not the only crazy one!

Regarding my theories on the economic crisis, Sparky told me yesterday that I was wrong because nobody else has the same idea. Housing post 1, Housing post 2, Housing post 3.

First of all, Sparky, we do not look to the news media for a fact-based, logical discussion of any issue or historical event. We wait until people with brains think about it and write about it in credible articles and books.

Second of all, I am not the only one! I just Googled Community Reinvestment Act, and I found a good editorial in the Boston Globe and a bad editorial in the National Review Online that both agree with me. The Community Reinvestment Act forced lending institutions to give loans to people they knew would default.

Boston Globe editorial
National review online editorial (this is junky...but mostly correct!!)

I might not be right, but I am certainly not crazy!!

...I am right, though.

Debate commentary coming next!!