tag:blogger.com,1999:blog-9072530351942552725.post2424978618854367134..comments2023-10-16T07:48:07.197-04:00Comments on Don't Tread On Me: Anatomy of a Financial CrisisPubliushttp://www.blogger.com/profile/15017010284232366806noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9072530351942552725.post-35449007461440766612008-10-19T16:48:00.000-04:002008-10-19T16:48:00.000-04:00Yes, I would contend that the federal government s...Yes, I would contend that the federal government should not have been involved in real estate at all. I agree that the CRA and the other policies I enumerated increased home ownership among the working poor, that was the point. But it had unintended consequences, as government tapering often does.Publiushttps://www.blogger.com/profile/15017010284232366806noreply@blogger.comtag:blogger.com,1999:blog-9072530351942552725.post-3806461226774263962008-10-19T15:53:00.000-04:002008-10-19T15:53:00.000-04:00Well said, Jim. One follow-up question I have is ...Well said, Jim. One follow-up question I have is whether, as you suggest, the federal government should never have gotten involved in real estate at all. (And if so, that would mean disallowing the tax deductability of mortgage interest, which still appears to be non-controversial). Or, is the problem that the government intervention was simply defective in some remediable respect? I came across, during my readings on this subject, a statement that the CRA is responsible for trillions of inner-city investment that would not have otherwise occurred.Justin S.https://www.blogger.com/profile/09169043330291665283noreply@blogger.com