When Foreclosure Rates Drop, You'll See: Free Markets Can Outperform Government Legislation

Did you notice: In what took many state governments over 18 months (and counting) to fix, free markets eliminated in three days.Regardless, a few years from now, state legislators in Illinois, Minnesota and elsewhere will take credit for the reduced number of foreclosures in their home states, without even nodding to the real reason. They will say: We stopped predatory lending with our new laws!. Guys like me will say: No, Wall Street just stopped providing money to homeowners most...

Read More...

[Source: The Mortgage Reports Blog]