Who's On First!...illustration of foundational reason for the mortgage mess

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Who's On First!...illustration of foundational reason for the mortgage mess

If there ever was a chart that illustrated how government regulation and oversight leads to disasters...this is it. As states pass laws regarding mortgage lending...they have no power to deal with the dozens of entities that also originate residential mortgage loans...beautiful!

Posted by Rich Sweum on 01/28/2008 08:33 AM

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1 Comments on Who's On First!...illustration of foundational reason for the mortgage mess

JAN

2008

WOW! That's a pretty scary graphic. It certainly illustrates the problem.

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Rich Sweum

Everett, WA

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