Finally, a Post That Deserves the Blog Title

Not news: US housing prices still falling. News: by 5.3% just in the past month Triple Forehead Slap: The director of the Federal Housing Finance Agency suggests fixing this by …loosening standards so anyone can qualify for a loan!

The housing agency’s director, James Lockhart, suggested Tuesday that mortgage finance companies Fannie Mae and Freddie Mac could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market.

Brilliant!