Conservative media

Conservative media

Cry Wolf Quotes

There’s little doubt that the rating agencies helped inflate the housing bubble. But when we round up all the culprits, we shouldn’t ignore the regulators and affordable-housing advocates who pushed lenders to make loans in low-income neighborhoods for reasons other than the only one that makes sense: likely repayment… in 1995 the Clinton administration added tough new regulations. The federal government required banks that wanted 'outstanding' ratings under the act to demonstrate, numerically, that they were lending both in poor neighborhoods and to lower-income households. Banks were now being judged not on how their loans performed but on how many such loans they made. This undermined the regulatory emphasis on safety and soundness.

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Howard Husock, New York Times.

The fundamental objection to the whole plan is that it is based on the false assumption, not merely that the world owes every man a living, but that employees in industry owe a living to every person who chances to be employed in that or any other industry.

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Editorial, Los Angeles Times.
04/03/1934 | Full Details | Law(s): Unemployment Insurance

…imposing this mandated wage is a dagger in the heart of job creation….If its approved, Detroit can kiss any hope of renaissance goodbye.

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Editorial, Detroit News.
10/31/1998 | Full Details | Law(s): Living Wage

The proposed living-wage ordinance, before Detroit voters Nov. 3, on the surface, seems admirable. But one doesn't need to look beyond its title to find seriously flawed logic. The same jobs that the measure's proponents are seeking to promote, in reality, will likely disappear.

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Editorial, Crain’s Detroit Business.
11/02/1998 | Full Details | Law(s): Living Wage