August 3, 2008

Financial Methadone?

Congress Tries To Help Housing MarketWith (More) Tax Breaks, Subsidies We’ve entered what George Carlin might call the “methadone phase” of the current housing/credit crisis.* In this case, the “addict” is the U.S. housing market; the illicit drug is easy, cheap money (the best kind!); and the pushers are two so-called government-sponsored entities (“GSE’s”), commonly...
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