Comment on Editorial: A step backward for the housing industry

Editorial: A step backward for the housing industry

THE CLEAREST lesson of history, it has been said, is that people never learn the lessons of history. As if to prove that aphorism, federal regulators are relaxing rules governing the mortgage-backed securities business — less than a decade after an epic financial crisis, rooted partly in government indulgence of excessive risk-taking in the mortgage-backed securities business.

 

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