All Commentary
Tuesday, December 8, 2009

Congress Pushes for Mortgage Aid


“House Financial Services Committee Chairman Barney Frank (D-Mass.) on Monday signed on to a proposal by Rep. Maxine Waters (D-Calif.) that would channel $3 billion from the federal Troubled Assets Relief Program toward mortgage relief for jobless Americans. The measure would designate another $1 billion for a program that gives grants to state and local governments to purchase foreclosed properties and use them for more productive purposes.”(Washington Post, Tuesday)

I am frightened to think what “productive purposes” could mean.

FEE Timely Classic:
The Government as Robin Hood” by E.C. Pasour Jr.