Naked Capitalism link of the day

This article from Rortybomb.  There are several other good links today, including the one in the previous post.  Since I want to feature some ag discussion here, I figured I would post that separately. Read the whole post at the Rortybomb, but here is the summation:

They thought getting homeownership rates up to 70%+ would secure a permanent Republican majority, the 2005-era dream of Rove and other thinkers on the Right. They looked at the data and saw that suburban homeowners are more worried about tax issues, crime, and tend to vote more conservative on economic issues, and they thought they could let the financial sector do its thing and turn a critical mass of swing voters into suburban bourgeois tax-haters.   There’s an element of the GI Bill and post-war suburbanization in this strategy, which was designed in part by the GOP to get people to the new suburbs and weaken the power of Democratic city bosses.
They actively applauded themselves for attempting this distinctly political project in their magazines.  And then they blame poverty programs and the idea of government when it all collapses.

I think the Democrats also have a hand in this mess, but Republican faith in the wisdom of the markets and love of deregulation along with the investment bank and mortgage broker criminality played a much greater role than Fannie, Freddie and the CRA (read:minorities).