OMG: She has hopped onto the latest Sky is Falling fad: subprime mortage delinquencies. She wants more regulation of “unscrupulous” lenders.
Funny thing is, for years politicians have been hammering banks and lenders to lend more in poor urban areas, where some of the mortgage deliquencies are now occurring.
CNBC is playing all day long in our office but when I heard Hillary’s shrill voice I got up and mutued the TV. I’m going to leave it muted for now since I’m sure the talking heads are still going ga ga. I’ll wait to hear Kudlow when he’s on his own show later this afternoon.