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The White House also pushed GM into closing down many dealerships as a way of cutting costs. Yet critics of Romney do not attack Obama for “downsizing.” There is a double standard deeper than politics at play here.
Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers—borrowers whose ability to pay often hinged on endlessly low interest rates or a strong housing market. How could this […]