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« Nifty | HomePage | Africa and Taiwan (Hedge it, don't wedge it) »

Wednesday, December 05, 20071196884380

The worst thing Bush has done as President

An outrageous example of big government interventionism at its worst.

Capitalism is great without the risk.


looks like it's an industry initiative. they don't want their customers to go bankrupt on them as they would lose money on the foreclosures, so they are lenient on rates. the only government role appears to be the choice not to prosecute the lenders for anti-competitive practices.

Posted by: Wolf Pangloss | Wednesday, December 05, 2007

Hopefully the damage from this monopolist petite bourgeoisie welfare will be limited, and the market will still correct as it should [1]...

[1] http://biz.yahoo.com/rb/071206/usa_economy_housing.html?.v=3

Posted by: Dan tdaxp | Thursday, December 06, 2007

Worse than invading Iraq, eh?

Posted by: Adrian | Friday, December 07, 2007

Invading Iraq is one of the best decisions he made, probably one of the top three (if not the best) of his first term.

Kow-towing to State [1] on reconstruction comes pretty close to the worst...

[1] http://zenpundit.com/?p=2494

Posted by: Dan tdaxp | Friday, December 07, 2007