Now, courtesy of Democratic Rep. Brad Miller, we have a bill that would enable the Treasury to guarantee loans made to home-building companies. Banks apparently aren't lending enough to home builders, leaving certain areas short of housing, he says. Banks probably would lend if house and land prices fell to more sustainable levels. But with all the other support, that may not happen any time soon. So, applying the perverse logic of the Housing-Governmental-Complex, and the new orthodoxy in Congress of letting nothing fail, you can see where Mr. Miller is coming from.
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