Continuing to encourage “government sponsored” lenders to toy with the market because they know Uncle Sam will be there to bail them out allows them to weaken us as a nation and set us up for an even more colossal meltdown in the future. The only way forward is to admit that the mortgage business is high on the long list of things the government isn’t good at, and let the market work.
Adam Brandon is executive vice president of FreedomWorks, a grass-roots service center to a community of more than 6 million activists who believe in individual liberty and constitutionally limited government.
Rep. Elijah Cummings, D-Md., right, hugs Harold Schaitberger, General President of the International Association of Fire Fighters, after the Congressman spoke at the IAFF's Legislative Conference General Session at the Hyatt Regency on Capitol Hill, March 9, 2015. The day featured addresses by members of Congress and Vice President Joe Biden.