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.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.