The Senate tries to do what the Fed cannot: Solve the housing crisis

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Though Washington laments the slow demise of civility within Congress, bipartisanship, at least when it comes to legislating, is usually a bad thing. It only emerges when both sides want to waste taxpayer money on things nobody wants and to regulate things everybody likes.

So it’s shocking that Democrats and Republicans on the Senate banking committee united not just to take on a big responsibility, but also that the end result is a bill that is … good?

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