I want to commend the editorial department of your newspaper for laying out step-by-step the reasons behind the meltdown and for naming the ones whose foolishness foisted upon us this calamity.
I have read a lot of articles and editorials dealing with this sad turn of events, but none with the clarity presented by the Augusta Chronicle . Even an idiot (and that includes many members of our Congress) should understand now what happened.
I wish this editorial could be forced down the throats of each member of the Congress, the professors in finance, business and economic schools around the country and, above all, every liberal in the land who believes giving mortgages to people who can't, or won't, pay their utility bills is the first step toward a new society.
Somewhere our salvation lies, but it may be a long time in coming.