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pg82
A. What belongs to no one is wasted by everyone
B. Statist's rationalizing Loophole around property rights "The Public Good"
Four Events that led to the Housing Bust of '08
EVENT 1: The CRA of 1977
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EVENT 2: HUD pressures Govt Chartered Freddie and Fannie to encourage risky loans
EVENT 3: Govt Intervention/Social Engineering produces the "Derivative"/Speculation Market
EVENT 4: The Federal Reserve slashes interest rates from 2001's at 6.5% to 2006's at 1%
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The Scope of the Bailout/Stimulus

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OIL: Capitalist vs Corporatist,
Conservative vs Statist

pg90
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