Biden’s Wrecking Ball Benevolence for Homebuyers by James Bovard When did being creditworthy become a federal crime? The Biden administration is intentionally punishing homebuyers with good credit scores to subsidize people with shaky histories of paying their debts. But the latest salvation scheme ignores the sordid history of federal policymakers ravaging homeowners they promised to […]
New York Post, March 15, 2023 Biden’s bank bailout just the latest in decades of DC disasters by James Bovard Honest bailout” is Washington’s biggest oxymoron. After two federally insured banks crashed and burned over the past week, President Joe Biden promised Monday, “No losses will be borne by the taxpayers” from federal relief efforts. […]
Daily Caller Leading 2020 Democrats Have A Plan To Wreck The Housing Market Again by James Bovard Contributor October 29, 2019 6:48 PM ET Democratic presidential candidates are hustling massive new programs to close the “racial homeownership gap.” Democratic California Sen. Kamala Harris is pushing a $100-billion program to assist up to 4 million minority families […]
“Wrecking Ball Benevolence” describes a lot of things that federal agencies do. I used that phrase in a 2004 Barron’s article (happily, editor Tom Donlan did not consider the phrase overwrought) and in the Bush Betrayal to capture how federal housing policy was disrupting markets and paving the way to a collapse in housing values. […]
