To the Editor:
John Taylors diatribe on subprime lending [An Anti-Predators Reader Guide to Tall Tales of Subprime Lending, April 27, page 12] began by stating that Robert Litan of the Brookings Institution and I have been spreading myths about the role of subprime lending and then proceeded to describe three such myths.
While I cannot speak for Dr. Litan, Mr. Taylor should know that nothing in my only article on subprime lending in any publication [Subprime Industry Needs Single Voice to Help Defend Its Image, March 30, page 18] is related to any of his three so-called myths. Period.
I can only imagine that Mr. Taylor may have mentioned me because my article indirectly cited his congressional testimony [the head of a national coalition] as an example of how community groups sometimes confuse subprime and predatory lending. His article is further evidence that the subprime industry desperately needs a single voice to defend its image.
Lecturer in finance
Wharton School of the University of Pennsylvania