Human nature and the housing meltdown

posted by
February 22, 2011
Orange County Register
by Debra J. Saunders  
Posted in Commentary, PND Commentary

"Lawmakers like to talk about passing laws to ensure that -- the following should be said with a timbre of indignation -- 'this will never happen again.' Of course, Washington should pass and enforce regulations to prevent and minimize economic damage. But the smartest course for Washington may well be to assume that, eventually, the worst will happen and to focus on: (a) How Washington can minimize the damages to taxpayers; and (b) What regulatory changes can be made quickly that will not unduly shock the housing market." (02/22/11)

http://www.ocregister.com/opinion/housing-289269-report-mortgages.html  

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