Wednesday, December 2, 2009

Quote of the day - Thomas Sowell - mortgage debt forgiveness

Government pressures on mortgage lenders to accept less than the full amount they are owed may win votes for politicians, since there are far more borrowers than lenders. But how much future lending can be expected when the lenders know that politicians are ready to intervene at any time to prevent them from getting their money back?

Thomas Sowell - 12-1-09

No comments:

Post a Comment