July 25, 2008

Free lunches just for current homeowners?

Sir Joseph Stiglitz in Fannie’s and Freddie’s free lunch July 25 proposal of “converting the home mortgage deductions into a cashable tax credit” begs the question, and what about those who rent and those who would want to see house prices come down so as to be able to afford one on their own? The Home-Owners Church giving out free lunches only to their own destitute and ignoring all others is starting to look like pure discrimination.