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 history’s lessons overseas, either.  White House Communications Director Anita Dunn cites as…

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After federal regulators took over failing mortgage giant Freddie Mac, they didn’t stop its risky lending practices. Instead, they ramped up its risk-taking, making it run up even bigger debts at taxpayer expense to try to artificially pump up the economy. They made Freddie buy countless risky mortgage loans. Recently, the Obama Administration forced it to incur $30 billion in losses as part of the administration’s bailout for irresponsible mortgage borrowers, which caps mortgage payments for even high-income borrowers at a ridiculously…

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Tune in to lucky episode thirteen of the best pro-freedom podcast around, CEI’s very own LibertyWeek, with your hosts Richard Morrison and Cord Blomquist.

This week we cover everything from the Twitter revolution and falling oil prices to Sen. Ted Stevens’ corruption trial and Iain Murray’s Fannie-fueled cyber-fight with Matt Yglesias. Also listen for new audio effects created by LibertyWeek Technical Producer Ryan Young.

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I’m not sure why Matthew Yglesias chose to adopt the unpleasant leftist tactic of beginning an argument with insult (”conservatives don’t know anything about anything”) in response to a recent Corner post of mine. Yglesias also engages in shifting the goalposts, because my “enthusiastic recommendation” of a Wall Street Journal leader column was not enthusiastic for the argument he chooses to highlight, but for its expose of the tactics Sen. Dodd and co are employing in the current debate.

Let’s leave all that…

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