"Private sector loans, not Fannie or Freddie, triggered crisis"

I note with pleasure that the McClatchy site is on Paul Krugman's blogroll. It's on ours too.

Here McClatchy reporters David Goldstein and Kevin G. Hall offer a clearer picture than I've gotten elsewhere of just how deeply implicated (or not) Fannie Mae and Freddie Mac actually are (or aren't) in the sub-prime mess.

The story is far different from the one rightwing bigots would have us believe. Read the comments if you can bear it.