Lawmakers have lost sight of the real villains of this crisis, argues the WSJ, as evidenced by...

|By:, SA News Editor

Lawmakers have lost sight of the real villains of this crisis, argues the WSJ, as evidenced by their outrage yesterday in the Goldman (GS) hearing. The real problem was "too many bad mortgage loans with poor underwriting," which means lawmakers should be looking at Fannie (FNM) and Freddie (FRE).