Subprime Debacle 2.0

"By now, most agree that the real estate crisis that precipitated the credit crunch and current economic malaise resulted from two things: Improper lending standards and unrealistic expectations. Sadly, in the midst of the worst economic downturn and, of course, just before an election year, it looks as if the government is going back to its old, and by now disproven, playbook: subprime lending""