Daily Markets - Financial News And Opinions

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Why Canada Avoided A Mortgage Meltdown Posted: 21 Mar 2010 10:01 AM PDT From my AEI colleague Alex Pollock writing in Friday’s WSJ about America’s “homeownership mantra,” and how government intervention and public policy contributed to our housing troubles and mortgage meltdown, and why Canada was able to avoid both and achieve a higher rate of homeownership in the process: Suppose we agree that we would like our society to have widespread home ownership and a property-owning citizenry. Does it take government-sponsored enterprises (GSEs) like Fannie Mae … [visit site to read more]

The Final Health Care Vote And What It Really Means Posted: 21 Mar 2010 09:00 AM PDT It's not nearly as momentous as the passage of Medicare in 1965 and won't fundamentally alter how Americans think about social safety nets. But the likely passage of Obama's health care reform bill is the biggest thing Congress has done in decades, and has enormous political significance for the future. Medicare directly changed the life of every senior in America, giving them health security and dramatically reducing their rates of poverty. By contrast, most Americans won't be … [visit site to read more]

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