It always interests me when somebody starts talking about letting the free market sort things out. The reason is that we have a somewhat unfree market right now; the housing market is heavily regulated by the government, and so is the lending market. And so are banks. Now, I like the free market. I think that the less government intervention in markets, the more efficiently a market works. But when I see an article like this one, I wonder whose ox is going to get gored.
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