Eakes: Spin and 'outright lies' on cause of economic crisis
This guest column appeared in the Herald Sun (Durham, NC). During times of economic chaos, there is often a tendency to rewrite history. Today, while nearly everyone agrees that reckless subprime loans started this financial crisis, the questions of how and why these loans were made have triggered a frenzy of finger-pointing. Unfortunately, too many fingers are pointing in the wrong direction. Most troubling are accusations blaming the subprime crisis on programs that encouraged responsible homeownership and wealth-building. Some are making the outrageous claim that the government forced