More On The Mortgage Mess

More On The Mortgage Mess April 2nd, 2008 A few good editorials to read here. The WSJ had a good editorial yesterday arguing for a hands off approach to the mess, but also telling congress to investigate the Federal Reserve subsidy of its purchase of Bear Stearns: What will our new financial system look like once Professor Smith is done? It will be smaller for one thing, but perhaps safer. Securitization â€" packaging assets and then selling them as securities â€" will continue, though with mor