Monday, February 25, 2008

Laissez-faire is All Fine and Good Until the Big Boys Who Matter Get Hurt

Mortgage loan corporations, who once invited the government to stay out of their business, are now lobbying for government money. Taxation without regulation is a bad mistake. I'm not arguing that the government doesn't need to assist victims of predatory lending and dubious market practices out, but banks and financial institutions have the multi-billion dollar means to make it on their own. Many borrowers do not.

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