"The housing bubble and its aftermath
arose from market distortions created by the
Federal Reserve, government backing of
Fannie Mae and , the Department
of Housing and Urban Development, and the
Federal Housing Authority. We are experienc-
ing the unfortunate results of perverse govern-
Anyone who really thinks "predatory lenders" and "greedy bankers" are to blame for this "free market failure" ought to read this.
Not that anyone (well, there is one guy...) in Washington is listening...