"During presidential elections, when candidates postulate this or that 'crisis' for which each is the indispensable and sufficient cure, economic hypochondria is encouraged ..."
Perspective:
Subprime mortgages are a small minority of mortgages, and only a minority of subprime borrowers are not making their payments. Casting this minority of a minority as victims of “predatory” lending fits the liberal narrative that most Americans are victims of this or that sinister elite or impersonal force, and are not competent to cope with life’s complexities without government supervision.