Remember our old friend Michael G. Oxley?

The Republican Congressman from Ohio is chairman of the House Committee on Financial Services and has been, along with ranking Democratic member Barney Franks of Massachusetts, investigating allegations of restraint of trade and unfair competitive practices (the labels are ours but are reflective and fair) in the real estate industry for the past two years.

Recently the House Subcommittee on Housing and Community Opportunity held hearings entitled 'The Changing Real Estate Market.' We will try our best to report on this hearing in a fair and balanced way. Well, actually we will try but may not totally succeed.