To counter anyone that does not believe the government was responsible for the housing collapse, I shut them up by providing these little incriminating tidbits direct from the HUD archives:
HUD ANNOUNCES NEW REGULATIONS TO PROVIDE $2.4 TRILLION IN MORTGAGES FOR AFFORDABLE HOUSING FOR 28.1 MILLION FAMILIES
http://archives.hud.gov/news/1999/pr99-131.html
http://archives.hud.gov/news/2000/pr00-317.html
You cannot argue that the Federal government didnt push Wall Street and the banks into peril, not the opposite is how the story is told today.
Anyway,if Tyler and the fight club may want to make a case here at ZH, there you have it. Im a newb and dont know how else to submit it any other way if there is an interest.
Enjoy the read, its fucked up, just by the headline alone. :)