Beyond insanity: still debating moral hazard

It is beyond insane to me that we are still, six years after the market imploded, debating the way ahead on the housing market. It is not that difficult. People need help. If they are not helped, they will stop paying their mortgages, usually after they have gone broke or bankrupt trying to hold on or negotiate a way out. This will further collapse the market.

There are ways to help without “bailing out” homeowners. All it will take is one person in the right place with the moral courage to tell the banks and politicians to (to put it mildly) f*** off.

May Mr. DeMarco have this courage.

I suspect he does not.

 

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