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Buckley Plan Would Make Problem Worse

Geoffrey Lawrence of the Nevada Policy Research Institute (NPRI) has taken a look at Assembly Speaker Barbara Buckley’s highly-touted plan (AB 149) to ease the suffering of home owners who bought too much house and/or purchased it on bad terms and are facing foreclosure. And Mr. Lawrence has determined – get this – that the Democrat’s proposal would only make a bad situation worse. What were the odds?

“Lawrence said the Buckley bill could induce existing homeowners who are not in default to stop paying so they could enter into mediation with the lender and secure a better mortgage rate,” the Las Vegas Review Journal reports this morning.”

Ah, yes. But doing something, anything, even if it’s bad, is good – as long as it makes people feel better and will look good on a gubernatorial campaign mailer.

Disclaimer

This blog/website is written and paid for by…me, Chuck Muth, a United States citizen. I publish my opinions under the rights afforded me by the Creator and the First Amendment to the United States Constitution as adopted by our Founding Fathers on September 17, 1787 at the Constitutional Convention in Philadelphia, Pennsylvania without registering with any government agency or filling out any freaking reports. And anyone who doesn’t like it can take it up with George Washington, Thomas Jefferson, Ben Franklin and John Adams the next time you run into each other.

Copyright © 2018 Chuck Muth