Columbia’s own Glenn Hubbard gets his licks in:

(Mr. Hubbard has a different take: He says many lower-income homeowners should not have had mortgages in the first place. The latest crisis, he says, was caused by policymakers who decided to “democratize credit” by expanding home ownership….)

Okay, that, too.

—The Journal’s Ruth Simon does well to notice that credit card rates are rising while other rates are falling.

Why?

“The rules have changed and the goalposts of risk have changed,” says Paul Galant, chief executive of Citigroup Inc.’s Citi Cards unit.

Eh.

—Finally, the paper also had a useful take on the $2 trillion cash hoard that public companies are sitting on. If it returns to normalized levels, that would mean more than $400 billion in corporate spending. Here’s hoping.

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Dean Starkman Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014). Follow Dean on Twitter: @deanstarkman.