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
