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.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.