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Bill Buckley calling for government to impair contract obligations.

Bill Buckley, yes that Bill Buckley, says mortgage lending should have been regulated by the federal government, and now the federal government should impose a moratorium on foreclosures to ameliorate the subprime mortgage crisis. Further, he seems to say that in general regulation is necessary to make markets work.  I can't even imagine what would cause a free market movement conservative and founder of National Review to say such things.  Thanks to Paul Krugman's blog for bringing this to my attention. 

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Reader Comments (1)

Nice article!

November 14, 2009 | Unregistered CommenterGanny

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