Tuesday, February 8, 2011

The Peter Wallison paper is hot on the webosphere

Peter was the dissenter on the financial crisis commission, he says the  government did it with poor home loan quality.  Kling is my go to expert on housing in general, he discusses the paper. The Austrians are claiming truth to power.

I scanned the paper. I have a problem with housing done it, in general. But overall, central government allowed the bailouts to continue in many areas, delaying the adjustment processes. Eric Cantor is the biggest obsatacle facing the Tea Party, him and the welfare queen from Alaska.

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