Right Wing Blames Everyone But The Guilty

• The right wing continues to try to blame the government for the housing bubble with arguments that have been refuted again and again.

• Their latest attempt is to say that loan originators were forced by the CRA to make bad loans, but the subprime boom was driven by loan originators that were NOT subject to the CRA.

• During the height of the housing bubble, Fannie and Freddie had been sidelined by congressional pressure while the private players surged.

Things Everyone In Chicago Knows