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COMMENTS TEMPORARILY CLOSED - MIGRATING FROM HALOSCAN/ECHO TO DISQUS
Old comments migrated to Disqus, currently working outtechnical issues

Monday, July 28, 2008

 
Sigh

John McCain doesn't know who the real enemy is - regarding the subprime crisis.

Update: A year ago, Thomas Sowell identified two of the villains: byzantine construction restrictions, which jack up real estate costs, and the Community Reinvestment Act, which "lets politicians pressure lenders to lend to people they might not lend to otherwise" - i.e. bad credit risks.

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