Good Layman's guide to the financial crisis

[Ken White]

Real estate developers were placing strict limits to keep speculators out of their development. When real estate developers show more awareness of basic economics than the administration, there's only one place to put the blame.

Which administration? This one? The one before? two or three before?

I think you're confusing 'the administation' (whichever one) with Congress whose pursuit of 'affordable housing for all' (and the concomitant campaign contributions from the lender including Fannie and Freddie) is far more responsible for this debacle than any one administration has been.

I suggest that government intervention thus far has done far more harm than good -- and the prognosis for the future is not good...