Hillary Clinton says she’ll ignore the law and constitutional issues so as to aid those whose mortgages are about to reset. Mish says this makes her no better than the current inhabitant of the White House, who also ignores the law.
She wants protection from lawsuits for those who want to freeze rates. In other words, legally binding contracts should be ignored or be made invalid. Not a good idea. Because once you start ignore one batch of laws, then it’s a slippery slope down to ignoring more of them.
And this country has had quite enough of that.