I could tell you the story of housing policy starting with the passage of the community reinvestment act, the advent of the adjustable rate mortgage its origional purpose, perversion, marketting mistakes, the inherent flaw in commission structure for mortgage brokers, the advent of credit default swaps, the actions of the Clinton treasury department and the history of fannie mae and freddie mac, but before i take the time to type out 4 pages of text, i'm curious to know your background on the topic. 

 

The cliffs notes version is the central economic planning always fails, but that should be obvious, given with the whole twentieth century and all. 

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