U.S. Cracks Down on ‘Forced’ Insurance

That’s the headline in the Wall Street Journal, for this article (which may be behind the paywall).

For just a moment, my hopes soared: the US is going to crack down on Obamacare! Alas, no, the US instead is going to go after its competition in the “forced insurance” field:

A U.S. housing regulator is cracking down on a little-known practice that has hit millions of struggling borrowers with high-price homeowners’ insurance policies arranged by banks that benefit from the costly coverage.

(Sigh). The hypocrisy meter is pegging the needle.


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