Double trouble

Building on the last post - the GOP has another idea to meddle in the housing market, this time with the interest rates. The idea is to artificially suppress interest rates down to 4% to raise home prices.

The math doesn't work out, though, as this Wall Street Journal article points out. With a likely wave of refinancing to come from such a bill, taxpayers could be on the hook for more than $100 billion. I have a very smart friend who's already considering this option.

Ug. McConnell, quit diddling with the bill and just lead your caucus to vote no already.