Steven Greenhut on California's Latest Misguided Effort to Fix the Housing Crisis

Just as the housing industry is showing signs of recovery, California's Democratic officials have passed a "solution" that adds additional regulations and higher costs to the foreclosure process. And as Steven Greenhut observes, these are the same officials who can't produce an honest budget and refuse to deal with a deepening public-employee pension crisis and other issues under their purview, but once again they think they can correct problems in complex private markets.