- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
Topic - Peter Wallison
Did you know that there are more than 6,000 think tanks globally, and about 2,000 in the United States? In the past two weeks, two major rankings of think tanks have been released.
Want more evidence that many government officials could not care less about protecting our person, property and liberty - which the American Founding Fathers saw as the basic purpose of government? Reports released this past week provided a bumper crop of evidence.
"The Federal Housing Administration is requiring down payments of just 3.5 percent," and the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) "are requiring a mere 5 percent," he said.
He argued that lawmakers were to a large degree responsible for the crisis by enacting "affordable housing" laws that slashed down-payment rules that led to millions of foreclosures and huge financial losses.