In a recent American.com essay, Peter Wallison asserts that it is “completely frivolous” to believe that the government is incapable of resisting the urge to bail out the housing market. But history is not so kind to this assertion.  Congress … read more >

In President Obama’s speech about financial regulatory reform in New York City last week, he made this assertion: But what’s not legitimate is to suggest that somehow the legislation being proposed is going to encourage future taxpayer bailouts, as some … read more >