Over the weekend I happened to pick up Six Errors on the Path to the Financial Crisis from the DealBook Blog on the NYTimes.com.
It’s short, well written, and well thought-out. It doesn’t even mention the war in Iraq and doesn’t single out the Bush administration overspending, both of which were the culprits I suspected first; so maybe I was wrong.
More important, by far, is that if this is a better discussion, and more accurate, then we’re all better off for it.
i also would assume that the bush administration is responsible for our poor economic state. Sounds like an interesting read. Now that we are all suffering, I think we all are looking for answers as to why.
Don't forget deregulation in the late 1990's and the Community Reinvestment Act.