Comment Free-Market Mad-Libs (Score 5, Insightful) 702
Hmmm... this line of thought sounds familiar for some reason.
If the government regulates [mortgages], policies for [mortgages] are set by one entity: the [FTC]. However, if the government stays out, each company will set its own policies. If you don't like the [FTC]'s policies, you are stuck with them unless you leave the United States. If you don't like your [mortgage banker]'s policies, you can simply switch to another one. So which model sounds better to you?
