Why do we have to go elsewhere to hear the truth about this?

Common sense people knew that you don't loan money to people who can't afford to pay it back, let alone don't have a job! Same goes with credit cards. Free credit cards everywhere...and then the personal fall-out when the chickens come home to roost. I blame both sides; the Credit Card Companies and the irresponsible users of them.

Now, that the turmoil with the financial industry is being spun all day long, I remember around 2004 the investment pundits were asking the question, "Boom or
Bubble" and meanwhile the price of real estate was spiraling out of control. I was of the opinion that it was a "bubble" and that it would eventually have a normal correction.

i just was cleaining out my desk and found a couple of newspapers from 2006.
April 2006: "Real Estate Correction May Be Larger Than First Thought"
September 2006: "Real Estate and Mortgage Industries Condemn Speculation About Widespread Problems"