The New York Times is doing a series of articles exploring the causes of the current financial crisis. I just read this article:

 The Reckoning: White House Philosophy Stoked Mortgage Bonfire

As early as 2006, top advisers to Mr. Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Mr. Bush and his team misdiagnosed the reasons and scope of the downturn; as recently as February, for example, Mr. Bush was still calling it a “rough patch.”

The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.

I’m glad that we still have some companies that take the time and effort to support investigative journalism.  Can’t get this kind of reporting from the blogosphere.  Yet, anyway…