McCain FIngers ‘Villain’ in Subprime Bust

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Not the Fed, which created the boom and bust; not the Fed, which promoted regulations that mandated loans to poor people with no assets; not the Clinton and Bush administrations; not fascist Fannie and Freddie; not McCain himself; but investors on Wall Street who did what the government wanted them to do after 9/11–participate in the Fed’s boom and the feds’ scheme to make everyone a “homeowner” for control purposes. (Thanks to Micah Haber.)

9:58 pm on July 27, 2008