Thanks to a pointer from one of our gentle readers, we're pleased to link a fine New York Times tome, providing a well researched summary overview of the root causes of the current mortgage crisis. NYT contributors Jo Becker, Sheryl Gay Stolberg and Stephen Labaton pin much of the blame squarely where it belongs -- The White House. Read Tuesday's full article here:
• White House Philosophy Stoked Mortgage BonfireIt's a meaty piece, and well worth a read, we think, as we cast about for a plausible answer to the nagging question: "What the hell went wrong?"
And yes, this will be on the test.
