The NYT has an excellent piece on how the increase in FHA mortgage limits have made it a subsidy program for relatively affluent families, speculators, and frauds.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.