Washington Monthly dissects the causes behind the current housing bubble and its impending collapse, in an analysis reminiscent of articles concerning the stock market bubble in 2000.
Given the lateness of the hour, and the near-inevitability of the coming crash, there's really only one thing left for concerned citizens to do. Start assigning blame.
It's got everything from Greenspan tea-leaf reading to regional comparisons of home prices to annual incomes. An excellent Slate Explainer article from the time of last year's accounting scandal further explains what Freddie Mac does.
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