Terminate Freddie and Fannie, repeal the Community Reinvestment Act that started it all (in 1977), eliminate Affirmative Action mortgages, and let the bad-debt holders go under. The Libertarian view on the credit crisis. It isn’t likely to happen–too many crooks and grubbers already have their hands in the federal till–but it’s a refreshing notion.
Via Drudge Report.
MORE: While the pols bloviate, there’s still mortgage credit out there at reasonable rates if you put money down–you know, the old-school, pre-PC way.
THE TEXAS SCRIBBLER 