You may not realize it, but you helped pay for a $10million, fourteen-month government "investigation" of the housing collapse.Only your $10 million didn't buy much, and it certainly didn't buy truth; anyhope of that went out the window on day one.
The congressionally appointed panel-made up primarily ofanti-market, historic revisionists-managed to shift the blame away fromWashington and onto mortgage lenders and "greedy" Wall Street executives, whileprotecting the real culprits at the core of the crisis: POLITICIANS LIKETHEMSELVES.
It's not about Democrat or Republican, left or right, blackor white. It's about the usual suspects-money and power and the people who usegovernment to manipulate them for private advantage.
The Great AmericanBank Robbery maps out in detail exactly how Washington social engineers andtheir accomplices reshaped banking regulations and housing policies and guttedtime-tested underwriting standards that led to the worst financial calamity sincethe 1930s, one that has robbed American households of $14 trillion in networth.
And they're not done yet . . .
Paul Sperry is an investigative journalist and Hoover Institution media fellow. His articles have appeared in the New York Post, Investor's Business Daily, and The Wall Street Journal . Sperry makes regular appearances on Fox News and other national media outlets.