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  • subprime mortgage crisis

    Tales of the Red Tape #35: Reams of Simplicity from CFPB

    The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: … More

    Today’s Calamity: First Cash for Clunkers, Now Cash for Homes?

    Despite being extremely wasteful and creating questionable environmental benefits, the government labeled the cash for clunkers auto program a successful program that exceeded expectations. It worked so well – why not subsidize (again) the housing industry while we’re at it? Detailed in Section 203 of the Waxman-Markey cap and trade … More