What a freaking MORON!!!
Frum is truly a legend in his own mind. Now CNN has to give him space to spew his drivel.
Yes, he did seem to avoid the sub-prime issue and the Community Re-Investment Act. But, what I gained from this story is how much of an impact China had on exacerbating our debt bubble. I haven’t seen too many other pundits talk about their hidden role in this fiasco.