“The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher payments that could force borrowers to fall behind, according to a report released Tuesday by Fitch Ratings.” (Washington Post, Wednesday)
The fruits of government housing policy.
FEE Timely Classic
“Why Laws Backfire” by Marisa Manley
Looking for the unseen effects of economic policy is the beginning of wisdom. ... Go to blog
Recently many popular websites went black to fight the proposed SOPA and PIPA bills. Fighting censorship, however, is nothing new. ... Go to blog
It appears that spending on government education in one year was 324 times the amount companies spent on Super Bowl ... Go to blog
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