Walter Mead spells out what the Mainstream media doesn't want you to know here:
Fanniegate: Gamechanger For The GOP?
And the book that tells the story of breathtaking government incompetence:
And here we have the Paul Krugman admiration society on the crisis:
How Did Paul Krugman Get It So Wrong? (Nobel Laureate Missed the Fannie and Freddie Debacle)
How did Krugman get it so wrong?
How did Paul Krugman get it so Wrong?