Thursday, December 20, 2007

The Mortgage Mess...

I haven't written yet on what to do about the Mortgage Mess. I am fully convinced, however, that what President Bush is proposing will, if anything, only delay and exasperate the problem.

This opinion piece in today's New York Sun offers what I believe--that allowing the mortgage borrowers and lenders to fail--is the best course. The Free Market will correct these problems with a far better solution than the .gov can ever dream up.

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