Clearly, I !@#$ing did. You conveniently omitted the part where these practices began under the Clinton admin and the people who really should have been hip to the game, staunch republicans Raines and Waters, were all in until the **** hit the fan. This wasn't a case of the Bush admin just looking the other way but a real bipartisan !@#$ up of the highest order. When you factor in stupid homebuyers, predatory lending practices, rating agency incompetence, the revival of the CDS, AIG deciding to take the same side of the bet 900 times over, and Wall St.'s game of musical toxic assets, you have the perfect cluster !@#$. Posting factoids about what happens in the advanced stage of an asset bubble is meaningless in assigning blame. Causality.