The MSM will try to cover this up and run a bunch of bogus reports from liberal universities that say that CRA and Freddie Mae and Freddie Mac had nothing to do with it. The republicans are going to have to come out and expose it for what it is and hit hard on it or the MSM will get away with spinning it.
True, and there is truth to the root of the problem being govt meddling. But you can't spin it yourself and maintain credibility. Either Greenspan set rates just right, or too high or too low. The answer is pretty clear when you look at the 51T in debt (nonfinancial) that we have built up.