Well...
From the first piece, this little gem:
^''So who is to blame…
…Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.''^
So realtors inflated house values to earn higher commissions? Really. Those bastards.
The cause and the mechanisms behind the recession were pretty obvious. If your opposed to government control then what is to prevent a bubble like this one from happening again? And again.
I don’t think the invisible hand had ever grasped the eventuality of ethereal financial instruments.
(Have you read any of the bill yet?)