It's easy, when grappling with questions like how mortage-backed securities actually work, to lose sight of the fact that Wall Street's current crisis has moral as well as financial implications.
So thank you, Joan Vennochi, for your column in today's Globe, which admirably captures that point. An excerpt:
The country's conservative moralists shake their finger at
low-income home buyers who dared to make a grab for a humble piece of
the American dream.