Architects of Ruin – by David Forsmark | FrontPage Magazine

Architects of Ruin – by David Forsmark | FrontPage Magazine: "With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media.

Schweizer blows the lid off the 30-year leftist war on banking standards in the name of “equality” that created the housing bubble and caused the foreclosure crisis. (Somebody get this book to Glenn Beck as he recovers from his appendectomy- it’ll give him at least a week’s worth of blackboard material when he returns.)

For just over a year, Republicans have half-heartedly tried to point toward Democrat politicians for being too close to federal mortgage lenders Fanny Mae and Freddie Mac. They pointed out that Barack Obama got lots of campaign contributions from the lenders and protested that Democrats from Franklin Raines to Barney Frank and Chris Dodd have their fingerprints all over the housing meltdown that tipped the economy into crisis.

But these dark rumblings don’t really explain what happened. Instead, people see the Wall Street disaster, companies going under (or worse, getting bailed out by taxpayers’ money) and their 401ks tanking. Egged on by the media, most folks pin the blame on Big Capitalism, aka Republicans. At best, the public wishes a pox on both parties."