If you want a recap of the root causes of the current financial crisis, and what Obama's facing, go read An Open Letter to Congress On Sharing The Pain. You might notice that the housing collapse is only mentioned as result of more basic actions, not the root cause itself. This is one of the reasons people STILL saying "the housing crisis is what caused this!" annoys the hell out of me. They don't go back far enough.
Tuesday, January 20, 2009
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