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Powerline has linked to this great video explaining the housing mess: http://www.powerlineblog.com/archives2/2008/09/021622.php

I gotta tell you I understand things so much better after watching this I feel like an idiot for what I missed before.  I really didn’t understand that the CRA and the sub-prime mess was linked to why it was so darn hard for us to buy a house in ‘04.   This video is like  Schoolhouse Rock for grown ups.

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