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Governmental dementia

June 02, 2009

One of the sad signs of dementia is the way old folks forget the recent past. The government itself seems to be coming down with Alzheimers.

Kay Bell reports on how the first-time homebuyer credit is now being used as a government-sponsored down-payment assistance program -- an entirely predictable development.

Doesn't anybody remember how we got into this mess in the first place -- easy money and no-money down mortgages? Why are we trying to pump up a popped housing bubble?

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