Posts about Foreclosures as of July 11, 2009

Not Color Blind – seablogger.com 07/11/2009 Jeffery Miron attempts a color-blind analysis of the housing debacle that led to bailout mania. It won’t wash. Yes, the government wanted to “promote home ownership” in general, and it has a history of foolish meddling with the market for this purpose. But the specific policies that embedded risk in the financial system arose from the rage against “red-lining.” “Red-lining” was never about race. The numbers tell you that foreclosure risk is