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Wall Street at the American Dream
All week, the Cato Institute's Daniel Mitchell and the Center for American Progress' David Abromowitz debate federal housing policy, the financial crisis and John McCain's proposal for Washington to buy up bad mortgages.
Dust-Up
Daniel J. Mitchell says Washington should use its past mistakes as a guide for avoiding future crises. David M. Abromowitz says that government must take action when the free market fails consumers.
Dust-Up
David M. Abromowitz says we shouldn't leave the mortgage market purely to the private sector. Daniel J. Mitchell says Fannie and Freddie played a major role in the housing bubble and should be shut do
Dust-Up
Daniel J. Mitchell says McCain's plan would be unfair to responsible homeowners. David M. Abromowitz says fallout from the mortgage crisis has spread far beyond delinquent borrowers.
Dust-Up
David M. Abromowitz faults the Bush administration's dismantling of federal regulation. Daniel J. Mitchell says both Republicans and Democrats over several decades contributed to the crisis.
Dust-Up
Daniel J. Mitchell says the free market, not government subsidies, should guide home ownership. David M. Abromowitz says current government programs aimed at helping the middle class need to be overhauled.