It’s a gross oversimplification to pin this collapse on just one item. Just as easy to say “If people didn’t borrow too much” or “If Barney Frank didn’t...” W

It’s a gross oversimplification to pin this collapse on just one item. Just as easy to say “If people didn’t borrow too much” or “If Barney Frank didn’t...” We just don’t know enough to say if any step would avert the crisis or just defer it.