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Congress Moves to Reinflate the Housing Bubble That Caused the Financial Crisis

Congress Moves to Reinflate the Housing Bubble That Caused the Financial Crisis

Veteran political commentator Michael Barone reports that liberal congressional leaders are pushing policies to “inflate the housing bubble again,” even though “our financial system broke down because we had, thanks to government policies, a housing bubble.”

Congressional leaders are ignoring warnings from experts across the political spectrum, such as conservative Peter Wallison’s October 16 piece in the Wall Street Journal, titled “Barney Frank, Predatory Lender,” and liberal Charles Lane’s recent piece in the Washington Post, “Doubling Down On the Wrong Housing Policy.”  (Wallison, a banking expert, prophetically…

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Posted in Bailout Watch, Economy, Features, Politics as Usual, Precaution & Risk, Sanctimony, ZeitgeistComments (0)

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