The latest "meltdown" explanation

Mona Charon's review here of "Reckless Endangerment" by Gretchen Morgenson and Joshua Rosner, both NYT reporters, is the latest in a number of books on the cause of the 2007 financial meltdown.  Based on most of the other books out there, Mona and Joshua have got it about right:  the principal cause of the "meltdown" was the politicization of Fannie Mae and Freddie Mac by the Democrat Party over a period of time dating back to the '60's.  Jim Johnson, a democrat political operative for many decades, and all those like Frank Raines, Jamie Gorelick and their supporters in the Congress, including Barney Frank, Chris Dodd and of course Barak Obama. Mona points out the great effort on the part of the MSM to rewrite history in order to cover for these liberals now on going through all their outlets.  Their main distortion is the notion that the greedy Wall Street bankers were the primary cause, entirely overlooking the fact these "greedy" types were merely providing the means to carry out the policies of the political class writing the laws that encouraged and enabled the whole scheme to become reality in the first place.  At this point in time no amount of dissembling by the water carriers for the democrats can cover up this scandal.