An opinion piece in the New York Times by Austan Goolsbee has rallied various free market types to the defense of sup prime lenders. It is strange to see the New York Times rallying free market types. But I suppose they could not break the mold completely because the Dr. Goolsbee piece was very poorly reasoned.

Dr. Goolsbee piece was so poorly reasoned that the Ape Man was going to write a rant about it. But it is time to go to press and Ape Man is still not done, so we shall have to link to Tanta having her say on the issue instead.