Learning from history seems to be very hard for people. We seem to repeat our mistakes somehow allowing ourselves to be under the illusion that it is different

Learning from history seems to be very hard for people. We seem to repeat our mistakes somehow allowing ourselves to be under the illusion that it is different this time around. A lot of people don't seem to believe what she is saying is true and actually believe in the contrary that the current crisis is because of free market capitalism. What most people don't know is that we didn't have one in the first place. Fannie Mae was a Govt. Sponsored Enterprise, started by FDR, and is one of biggest problems in the present crisis. Various Senators and Congressmen were pressuring Fannie Mae to make these horrible bets on the real estate market. This is not an isolated case, the government has been interfering in the market a lot more than it should have and in a bad way.