Why Chat likes to quote this and he's right. Good example is the chaos in the mortgage industry in Ga. Unless you qualify for conventional rates and financing you're in trouble. Ga. passed the toughest prediatory lending law in the country. Lenders responded by leaving the subprime mkt and sharpely increasing the cost of other types of mortgage. The business section at www.ajc.com has details. You can search the back issues of the past 2 weeks and find more and more ramifications. Several days ago, some manufactured housing plants started layoffs because buyers can't get financing.
I remember about a decade ago the government passed a law stating if you work something like 1056 hours in a year then your employer must give you benefits. So at 1056 hours they laid me off. clap clap clap thanks government.. I had the inside track for a good career at caterpillar and instead ended up with nothing. Their good intentions are never quite well thought out.
