Local Consequences of the Deregulated Home Mortgage Market Could be Severe

Not to terrify the local lenders and realtors and ... but this TPMcafe post by Elizabeth Warren might ring true for our area, especially given how Lake Wedowee is such a significant part of our economy. Her "Warren Reports" effort is a regular read but this post helped me think in some new ways. Ms. Warren wrote of several complicated concepts that now make sense to me, at least as much as I can handle in the "sense" area. We "state school" boys need a little help at times with the heavy lifting.

On my old rolltop I've got an old coffee mug with the following quote:

"Man's mind stretched by a new idea never goes back to its original dimension." - Olver Wendell Holmes

To avoid the squeeze that Reagan and Bu$hCo have wrought I think we'll need all the stretching we can get. Peace ... or War!