Friday, November 14, 2008

Debt Rattle, November 14 2008: Look beyond your dreams

Harris & Ewing To the rescue! 1914Three-horse team fire truck pulling water tower. Washington, D.C. Ilargi: The problem with all plans to backstop mortgages is the same and eternal one that should have kept the government out of mortgages in the first place: it drives up prices. I know that in the US, the practice goes all the way back to the 1930's, and it may well have been well-intentioned,

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