Ho, Ho, Holy Xmas Tree! Obama’s Gift to the Right: "Instead of dispassionately and evenly regulating the lending markets, government became a stakeholder for politically driven outcomes and skewed its regulatory practices to favor those outcomes. Those actions created such a severe distortion that they nearly destroyed the global economy when home prices started plunging in 2008 and the securities behind gazillions in home loans became all but worthless. Instead of learning from that lesson, the federal government continues to expand its interventions, this time in the Christmas tree market."
'via Blog this'
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