More financial regulation stuff, prompted by this post, and this one from Economix. . I agree 100% that Fannie Mae and Freddie Mac should go, that the mortgage interest deduction should be limited or abolished, and that the government should no more meddle in preferring homeownership over renting and vice versa. As we’ve just learned, it’s all well and good as long as things are running along relatively smoothly, but when it fails, it fails catastrophically, and everybody is on the hook.
- Current Mood: Resting
- Just Watched: Little Miss Sunshine