Even as we struggle to clean up a mighty mess that sprang from politics overriding economics when it comes to home ownership, there still seems to be a great deal of agreement that government should continue to play a major role in backing mortgages. This is nothing less than bewildering, and disturbing...
Thursday, May 27, 2010
What About Frannie and Freddie?
As we still suffer from the fallout of the housing/mortgage meltdown, a glaring question needs to be answered: Why, exactly, is government in the business of backing (i.e., subsidizing) housing and the mortgage market?
Even as we struggle to clean up a mighty mess that sprang from politics overriding economics when it comes to home ownership, there still seems to be a great deal of agreement that government should continue to play a major role in backing mortgages. This is nothing less than bewildering, and disturbing...
Even as we struggle to clean up a mighty mess that sprang from politics overriding economics when it comes to home ownership, there still seems to be a great deal of agreement that government should continue to play a major role in backing mortgages. This is nothing less than bewildering, and disturbing...
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