Comments on: John Steel Gordon: A Short Banking History of the United States

By: sean

sean — Sun, 25 Jan 2009 06:00:31 +0000

http://mises.org/multimedia/mp3/audioarticles/3161_DiLorenzo.mp3

beats gordon with a lead pipe cinch

By: W Baker

W Baker — Fri, 10 Oct 2008 16:35:31 +0000

I think you’ll find Rothbard’s History of Money and Banking in the United States to be a much better history. Link below: http://www.mises.org:80/store/History-of-Money-and-Banking-in-the-United-States–P191.aspx

Best,

Wes Baker
Anniston, Alabama

By: JLP

JLP — Fri, 10 Oct 2008 16:23:00 +0000

Eden said:

“Perhaps you could do a bit of due diligence and look at more than one source for your ‘financial history’.”

PLEASE!

By: JLP

JLP — Fri, 10 Oct 2008 16:22:08 +0000

I don’t think he’s blaming the poor and minorities for the subprime meltdown.

By: eden

eden — Fri, 10 Oct 2008 16:17:51 +0000

The idea that Fannie Mae and Freddie Mac were investing in huge numbers of sub-prime loans is a myth. They had fewer such loans than many banks and mortgage companies, and started giving out sub-prime loans later than many other institutions. I’m sick and tired of this myth continuing, especially as it’s usually used to blame the poor (and especially minorities) for the sub-prime meltdown. Yes, many poor people did take out sub-prime mortgages they shouldn’t have – but they weren’t the ones buying 3/4 of a million dollar McMansions in CA suburbs, nor the ones creating, marketing and approving these loans – they’re not the entire cause of this crisis. Furthermore, urban poor and minorities have been experiencing a foreclosure crisis for the past decade – which was conveniently ignored until the middle and upper-middle class started experiencing problems too.
Perhaps you could do a bit of due diligence and look at more than one source for your ‘financial history’.