>Would the Last Honest Reporter Please Turn On the Lights? > >http://www.linearpublishing.com/orsonscottcard.html > >"An open letter to the local daily paper -- almost every local daily paper in America: ............. > >This housing crisis didn't come out of nowhere. It was not a vague emanation of the evil Bush administration. > >It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans........... " > >This guy appears to have his facts all in a row.
A couple of alternate explanations by economists, not english professors.
