It is government's fault for offering a housing finance program without making an effort to maintain underwriting standards.

The retirement of Rep. Barney Frank from the House will cause mourning among all in the Congress-watcher and Congress-lover fraternity.  Meanwhile, the super committee’s inability to reach any agreement was shrugged off by most observers as the expected outcome, and it was, but I was deeply disappointed nonetheless.

It seems that Barney Frank conceded that Fannie Mae and Freddie Mac should be abolished only because he was being seriously challenged for reelection.

Prohibiting their bond trading will seriously weaken banks and the markets that banks supply with liquidity.

If the financial crisis was caused by subprime mortgages and predatory lending, the government's own policies made it happen.

It may be a good sign that Barney Frank is deferring action on a plan to create a government agency to resolve "systemically important" failing financial institutions.

The alarm bells are now ringing for the Federal Housing Administration, with delinquencies increasing.  The immediate and pressing issue is the safety and soundness of FHA today and the risk it poses to the taxpayer.  

In the aftermath of the midterm election, President Obama has claimed that he got all of the policies right, but his self-exonerating narrative is simply wrong.