In a recent op-ed for the Huffington Post, Professor Brad Borden writes about the culpability of the IRS in the U.S. financial crisis. He argues that the influx of bad loan practices in the early 2000s could have been prevented by proper IRS audits on the mortgage industry. “The IRS’s failure in this area is puzzling,” he writes. “Whatever caused the IRS’s failure, we are witnessing the fallout now and beginning to appreciate the enormity of the situation.”
Read the full article.