Random Feed wrote an interesting post today on
Here’s a quick excerpt
So, the home buyers tax credit is in the news again and it’s becoming quite controversial… Proponents would like to see the program extended well into next year and have the credit expanded to $15,000 (or more), removing the first-time home buyer requirement which, by the way, really didn’t restrict this to new home buyers at all, just those who hadn’t owned a home in the last three years. The most cogent argument against the government providing expanded subsidies for its citizens to buy pr

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
George Mason University Professor Ilya Somin explains how the Obama administration is expanding the awful policies that caused the mortgage crisis, like having taxpayers effectively underwrite risky-mortgage loans by bailing out GSEs at a cost of hundreds of billions of dollars. Now, the administration is stepping up Federal Housing Administration subsidies for risky, junky mortgage loans that are likely to default in large numbers. (The Obama administration doesn’t seem to have learned h

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