Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures." -- Daniel Webster
Friday, October 21, 2011 :::
Megan McArdle notes that the Senate voted to raise the limit on the value of a mortgage that can be bought by Fannie Mae or Freddie Mac, thereby (as the title of that article puts it) subsidizing homes for the rich. She asks, "Seriously: is there anything stupider than subsidizing loans for homes that cost more than half a million dollars?"
The European Union’s executive is leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailout talks, European internal market commissioner Michel Barnier said Thursday.