The WSJ reports:
The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials.
The move would further cement the government’s role in propping up the housing market even as some lawmakers push to curb spending at a time of rising debt.
What is the saying about making the same mistake over and over again? Please help me out in the comments. In the meanwhile, notice that this is just one more example of the government’s incessant intervention in housing markets over the last 15 years.