This should make Arnold Kling feel excellent:
“Buy new with $1,000 down,” the advertisement says, the words resting atop a trim green clapboard house offset by a bright blue sky.
The advertisement references a program initiated by the National Council of State Housing Agencies and Fannie Mae, the taxpayer-backed, government-sponsored enterprise that buys up mortgages from lending banks.
I’m pretty sure this one program offsets the entire financial reform package.
[H/T Ezra Klein]