re: #458 BryanS

There is also the issue of spectacular, willful mismanagement at Fannie Mae. They were the clearing-house for a lot of the nasty assets.

When this debacle first happened, lots of fans of monocausal explanations were blaming this all on “helping the poor” programs. We all know it’s just not that simple.

It’s going to be a steep uphill climb, for anyone in the current administration to bring in the sunlight that’s the best disinfectant - as the saying goes. The financial industries, like China, know they have us by the throat and private parts. It’s gonna take years for us to wriggle free - presuming that we keep trying.