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Clueless Journalists: "“1) Banks that sold financial products but didn't understand them, 2) rated by rating agencies that didn't understand them, 3) not regulated by regulators that didn't understand them, 4) brokered by boilerrooms too greedy and evil to care about them to 5) consumers too desperate and stupid to understand them, without the help of 6) a media too busy reporting on Lindsay Lohan's nipple slips to report on them.”
This would be the perfect answer if we just added the Fed’s low interest rates, the Clinton-Bush program to increase home-ownership, cheap construction labor to build houses Americans won’t build and politically correct mortgage modeling."
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