...The issue undoubtedly “adds to the general mood of distress,” said
the New America Foundation’s Michael Lind. And that hurts the Bush
administration and, by implication, McCain.
But, he said, “it’s not like Enron. There’s no single villain to pin
this on.... Everyone loved the jump in homeownership attributable in
part to mortgages backed by Fannie Mae and Freddie Mac."
“You can compare it to a financial 9/11. There was a truce after 9/11,”
he said. “There was a bipartisan truce. It seems to me… more