It was the American Dream on steroids. Mortgages were offered at low initial interest rates without down payments. Many were helped to purchase homes for the first time. Others bought second homes and investment properties. Still more refinanced existing mortgages, subsidized home improvements and - at times - extravagances. Then, ... READ MORE
The National Center for Public Policy Research is a communications and research foundation supportive of a strong national defense and dedicated to providing free market solutions to today’s public policy problems. We believe that the principles of a free market, individual liberty and personal responsibility provide the greatest hope for meeting the challenges facing America in the 21st century.