“Talk of shrinking the government’s involvement in the mortgage market is growing. Just don’t expect action any time soon. A conference Tuesday at the Treasury Department is the first of many steps toward restructuring the nearly $11 trillion mortgage market. So far, rescuing mortgage giants Fannie Mae and Freddie Mac has cost the government more than $148 billion. That number is expected to grow.” (Washington Post)
Just get out altogether.
FEE Timely Classic
“A Microeconomist’s Protest” by Mario Rizzo