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The CRA Cover-Up

As always, it's the cover-up that sinks people. Liberals are working overtime to cover up their role in the mortgage meltdown. Not only did they block attempts to reform Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac before they could drag down our economy, but liberals also abused the Community Reinvestment Act (CRA), turning it into a vehicle for directing loans to unqualified homebuyers. The left knows that whoever shapes public understanding of what caused to...
United States Freddie Mac John Kerry Gses Fannie Mae Barack Obama Spencer Bachus

The Drawbacks of Dutch-Style Health Care Rules: Lessons for Americans

In 2006, the Dutch government implemented a universal insurance mandate. Many American policymakers are looking to the Dutch experiment as a model to fix America’s complex and costly health care system. But the Dutch reforms have not caused individual consumers to seek value, and the “managed competition” has led to a less competitive market. After just three years, the Dutch insurance market is a clear-cut oligopoly. Given the narrow, partisan enactment of President Obama’s health polic...
United States United Kingdom West Virginia The Netherlands Great Britain Alain Enthoven

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