So to understand our bad economy is to try to understand how the banking system got so messed up. Bad regulation vs Deregulation? Free Market failure vs Government intrusion into the markets failure? etc etc etc
For Values Voter News point of view with some trail of evidence to back it up see: In total, the government has committed about $2 trillion to support Fannie and Freddie and Countrywide Financial tops the list of the top 25 lenders in the subprime market but guess who was their biggest rewarder/customer for their practices.
Renewed Optimism on Housing, Banks Sends Stock Market Up-CNSNews.com
"Reassuring news about housing and banking on Monday convinced investors to return to the stock market.
The Dow Jones industrial average shot up 235 points, making up three-quarters of last week's losses. All the major indexes rose about 3 percent.
A better-than-expected profit report from Lowe's Cos., an uptick in homebuilder sentiment and positive comments from analysts about U.S. banks revived investors' confidence in an economic rebound. Stocks fell sharply last week on worries that a recovery might be further off than hoped, interrupting a rally that has left the Standard & Poor's 500 index up 34.5 percent since March 9."

Related: In total, the government has committed about $2 trillion to support Fannie and Freddie
The mortgage crisis explained from 1913 to the present....
In 1991 conservatives were pushing for the full privatization of Fannie and Freddie and warned of what is happening now if we didn't and here we are..
YouTube from '04 hearing proving Republicans were trying to reform Fannie and Freddie which are back in the news in a big $400 billion dollar way
New York Times articles in 1999 and 2003 on the Economy
New York Times not telling you the whole story once again
Media is not giving you the whole Mortgage Crisis story: Fannie and Freddie is Enron x 19/Microsoft Sized Monopoly/Leading Compaign Giver and Lobbyist
The Economy and what Big Media is not telling you...
Freddie Mac and Fannie Mae in 5th grade terms
Found this excellent article on CBNNews.com concering Fannie and Freddie
