To borrow a Barack Obama line, "There's not a liberal America and a conservative America, there's a United States of America." That's true — and everyone in it tried to make a quick buck off the housing bubble.

Since Ronald Reagan, Republicans have demonized government oversight as a liberal plot to dampen the animal spirits of America's entrepreneurs. Let the market do the regulating, conservatives said. The market will punish those who make bad choices.

But gue ...

( Back to Article )