Wednesday, November 5, 2008

On Moral Hazard, Pt. I (of ?)

Unclear just what the gubmint is after other than pandering and creating inflation and generally keeping the great landed middle(ish) class from revolting, but it smells like they're thinking about suspending mortgages, which is nowhere near as drool-worthy as frying bacon. Redefining yet again what exactly a prime mortgage--or mortgagor, yet--looks like. Holy un(?)intended consequences, Batman!

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