The Best Explainer About the Housing Crisis Ever

Been meaning to add my voice to the chorus on this, and now the Fannie/Freddie bailout has provided a peg (though the smart and talented Daniel Gross disagrees some on how much they’re actually related—he argues convincingly that this is much more about reassuring all those people overseas who own currently own a big chunk of us all that there’s still some, um, value in their investments): The best bit of journalism to date on the housing mess, “The Giant Pool of Money.” Congratulations to Ex Angel Alex; it’s a truly fine piece of work.

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