As mentioned earlier (here ), the financial crisis was fueled by the government’s obsession with home ownership. Yet, last year the Bush administration decided that it was wise to continue to encourage people to buy houses that they couldn’t afford.
Charles Gasparino does a very nice job exposing Freddie Mac, Fannie Mae, and their advocates for the destructive forces that they are. Everyone, even Obama for a while, recognizes that at the heart of the financial markets meltdown was the
A year or two ago, only the most radical leftists would have dreamed that we’d be living in a country where the government owns a majority share in GM, bailed out private insurers, took over Fannie Mae and Freddie Mac,
Don Boudreaux of George Mason university had a great article in the Wall Street Journal on Saturday defending insider trading. “Prohibitions on insider trading prevent the market from adjusting as quickly as possible to changes in the demand for, and
In a surprising development, the Washington Post discovers that Congressmen make promises of funding in exchange for votes: “It takes a while for most start-up companies to gain the confidence of a U.S. congressman and the promise of federal funds.
While Nancy Pelosi is excited that health care reform is only going to cost us $900 billion over ten years, I wonder how we are going to get out of the current fiscal mess we’re in. Seriously. The GAO has
