Just keep lying, it looks good on you

The Bush administration continues to fail in its actual understanding of free markets and specifically how poorer people approach big decisions like mortgages. More here
The WSJ states:
The underlying belief, shared by the Bush Administration, is that too much regulation would stifle credit for low-income families, and that capital markets and well-educated consumers are the best way to curb unscrupulous lending.

I think we need to break from this fallacy of the well-educated consumer when it comes to basics like home and education. Sure if you're an electronics buff and you want the best TV on the market, you can search all over the internets and elsewhere to become well informed and educated. You can also do what lots of folks to and just buy what's on sale at the local hhgregg or walmart or whatever too. Neither of these examples is adequate to describe mortgage refinancing or even initial housing loans. When a family is looking for a place to live time, money and other factors weigh far heavier than the concern for educating yourself on a topic that confuses many people and is ripe with liars and thieves looking to dupe some sad chap out of a few extra percentage points. Regulation really is a better answer here and it's a larger topic than just housing.

Basic necessity dictates that certain things are required of families in the U.S. A home is one of them, schooling for children is another. Insurance falls into this category as well. It's easy from the top of the food chain to gain an understanding of market politics and fail safes and ensure you don't wind up getting screwed, but for that majority of families, this is a difficult assumption. I don't know many working parents(and of course these days it's both of them if there is a both to begin with) who have the time and resources to get the lowdown on best practices in these areas and actually have the clout in the marketplace to be assured such "educational protection". If you're poor or low middle class, you get the passover. That's just how the world works. It's foolish that the people on the top don't see that, but I really think they do, but keeping regulations low keeps the advantage on their side.

I'm an anarchist. I don't believe in government as a ruling body. I think circumstances make laws instable. However, there are some things a government can do and do very well. Health care, mortgage rates, and education for low income families is easier to negotiate with big pockets. This is an area where the government can really step in and make things not only easier for the little guy, but fairer across the board.

The powers that be don't want that situation because it would involve two things:
1. Actually doing something for once
2. Losing a shred of advantage(as if other factors didn't keep them way above water as it is)

Short version: Bush and his cronies are bastards that like the fact that they regularly fuck the poor for their own selfish bullshit.