The Hazard Of Moral Hazard

Back in September, I seethed about the bailout inanity that the Feds had begun with Fannie & Freddie.

Now that there are plans in place to bail out homeowners in mortgages they cannot and/or can no longer afford, the media is atwitter with tips and tricks on how YOU TOO can get your piece of the largesse.

I guess we shouldn’t expect homeowners to behave any differently than mortgage companies, banks, and auto manufacturers.

I want to fucking puke.

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