When someone tells you that Barney Frank and Chris Dodd are responsible for the housing crisis,

[Fuzz]

give them this link.

http://www.nytimes.com/2008/12/21/business/21admin.html?_r=1&pagewanted=all

It should shut them up quickly.

Came up on another board.

[A HERETIC I AM]

1. I've said it before on this board....

One of Bush's greatest failures will have been the destruction of the credit rating of the American people as a whole.

The housing bubble was and continues to be a huge part of that.

It should be well remembered that prior to the collapse of the housing market, US mortgage backed securities were tantamount to US Treasury bonds in their creditworthiness. The American people as a whole reliably paid their monthly mortgage note.

A vast majority still do, but it isn't like it was ten or even 5 years ago.

[Angry Dragon]

2. Thanks for the link

[Fuzz]

3. Bumping for a great article