Novelist Orson Scott Card, “a Democrat and a newspaper columnist” dares to mention the emperor’s distinct lack of clothing in a Mormon publication today:
This housing crisis didn’t come out of nowhere. It was not a vague emanation of the evil Bush administration.
It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans.
Orson, I’d upgrade my home security if I were you.
(Hat tip: Blue Crab Boulevard)