Thanks to Dan Mitchell for sending this link. Watch it. Understand why the housing crisis happened, and why having government subsidize risk is a bad idea. REALLY bad idea.
A blog about guns, politics, freedom, entertainment, and generally anything and everything else, written by a well-armed veteran with an extensive vocabulary, the ability to make up inventive invective, a bad attitude and a high IQ
Michael Totten interviews Christopher Hitchens The Crotchbomber report
January 12, 2010
Nicki economics, government 2 Comments
Thanks to Dan Mitchell for sending this link. Watch it. Understand why the housing crisis happened, and why having government subsidize risk is a bad idea. REALLY bad idea.
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Michael Totten interviews Christopher Hitchens The Crotchbomber report
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Jan 12, 2010 @ 11:46:34
What she didn’t mention were those “neighborhood activists” who were bused to the homes of the ceos and employees of those lending institutes who followed the old way of doing business by requesting proof that the borrower would be able to pay off the loan. Through intimidation those folks without any stable income got their loans and we see the results of their progressive way of thinking today.
Jan 12, 2010 @ 18:12:16
Having the federal government intervene in ANY private matter is a really bad idea.