Hell has frozen over. I know this because the great conservative icon William F. Buckley has called for a mortgage moratorium. After prattling on for several paragraphs about the beauty of the market, he does a quick double axel and declares that we should have regulated the mortgage lenders and mortgage brokers much earlier. Now, he says, the federal government has no choice but to halt all foreclosures “until the disparity between true value and hypothetical value is pounded away by time and inflation.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250806