Paul Krugman explains why the false charge that government housing policy caused the financial crisis and recession is harmful: …No, the CRA wasn’t responsible for the epidemic of bad lending; no, Fannie and Freddie didn’t cause the housing bubble; no, the “high-risk” loans of the GSEs weren’t remotely as risky as subprime. This really isn’t [...] View the full post at: The Blame Someone Else Crowd Related posts: Pablo Triana: Efficient Market Theory is not to Blame Posner: Two Conceptions of Blame (Part 1) I Blame the Wine