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Ludicrous, But Not Surprising

This is a syndicated repost published with the permission of Lee Wheeler On The Mark. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The Palm Beach Post published a ludicrous (but not surprising) editorial today. They are calling for the Florida legislature to “save the Florida homeowner.”
—Freeze insurance rates, bar cancellations, property tax relief (apparently the governor wants to do just that).
They go further:
“Many homeowners and investors are victims of ‘exotic’ mortgages, which allowed them to purchase properties […]

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