A Stitch in Haste

Yesterday we reviewed the rationale behind, and the unforeseen consequences of, what because known as the urban renewal program, or “Title I.”

But where there’s a “Title I,” you what else there has to be:

A similar question as one from yesterday: Was the line from Title II to the current subprime bailout and foreclosure intervention inevitable?

And, far more importantly, was this a “market failure” or a government failure?

Filed under: Activist Legislators & Nanny Statists, Economics & Finance, New York City & State, Politics