Lawrence Kudlow

Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

Trade is the key to the economic outlook in Britain and the E.U. Many corporate chieftains joined large bank CEOs and the fearmongering IMF to suggest that the E.U. will deal harshly with Britain if it leaves and stop all trade. That's mutually assured destruction - MAD.