The media seem to be applying a strict rule: the only experts cited on the meltdown of the subprime mortgage market are those who didn't see it coming. Marketplace radio followed the pattern this morning (sorry, I didn't catch the name and it's not up yet on their site). Of course the real story here is how something so entirely predictable was not foreseen by the experts. The experts who blew it (mistakes were made) are probably not the best people to answer this question.
--Dean Baker
There's too much at stake this November for us to quit. As we navigate another presidential election year, thoughtful independent journalism is more important than ever. We're committed to bringing you the latest news on what's really happening across the country this election season, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in America.
Quality reporting doesn't come for free, and we don't have corporate backers to rely on to fund our work. Everything we do is thanks to our incredible community of readers, who chip in a few dollars at a time to make what we do possible. This month, we're trying to raise $50,000 to help fuel our election coverage, and we've fallen behind on reaching our goal. Any amount you give today will bring us closer to making our reporting possible—and a generous donor has agreed to match all online donations, so your impact will be doubled.
You can help power this newsroom by making a donation today.
