“Subprime lending” on The Daily Caller

So President Obama wants to slap a guilt tax on banks. Well if he’s going to do that, then slap one on Barney Frank. And Chris Dodd. And ACORN. And a whole laundry list of others responsible for causing the financial meltdown. (more)

Since the bailout of Wall Street, the populist drum in Washington has been beating faster and louder. The outrage over executive pay is nothing new on Main Street. When taxpayer dollars used to save the skins of executives who put their companies in peril are now getting bonuses- the fury of Main Street can be understandable. In this “new normal” where many Wall Street legends like Peter Cohen are expecting a reshaping of the financial industry based on returning to an environment of a more client-oriented business, the Obama administration has set out an aggressive plan for Congress to reshape the financial system as we know it. But are they tackling the true root causes of the financial meltdown or are they pandering to populism? (more)