Reason.com
New at Reason: Veronique de Rugy on Why the Federal Government Should Stop Guaranteeing Loans
Each time an
auto company, small business, or homeowner receives a politically
motivated loan guarantee, writes Veronique de Rugy, the giveaway
creates yet another unfunded liability for future taxpayers. So why
is the federal government still guaranteeing loans? Because it
serves two powerful constituencies: lawmakers and bankers.
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