All Commentary
Thursday, August 12, 2010

Home-Equity Loan Delinquency Climbs


“During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now the money has been spent and struggling borrowers are unable or unwilling to pay it back.” (New York Times, Thursday)

More fallout from the government’s humane housing policies.

FEE Timely Classic
“Why Laws Backfire” by Marisa Manley