Thursday, May 13, 2010
Continuing The Corruption Of The Housing Crunch
The housing crunch of late happened because the government - pushed by the likes of Barney Frank and Christopher Dodd - paid banks to make bad loans and put out incentives for people who couldn't afford them to get costly mortgages. A Tennessee Republican introduced a piece in a new bill; the piece puts some responsibility into mortgages. The Democrats are fighting it and proving anew their refusal to allow responsibility to dictate anything.