Who’s to blame for the housing mess?

According to Nouriel Roubini the answer is Unregulated Free Market Fundamentalism Zealotry. The Blog “Mish’s Global Economic Trend Analysis” however, disagrees. Though he complimented Roubini for “one hell of a rant” he critiqued Roubini’s position arguing that it is government interference in these markets that is causing the problem: “perhaps the real solution is to get rid of government sponsored ownership societies designed to make renters look and feel like second class citizens, and let the free markets work as they are supposed to. Blaming the free market for this mess is certainly starting in the wrong place. It was a lack of a free market that both started then escalated this mess”. Both blogs are worth a read.