Reality vs. Ideology

NYTimes piece on how deregulation in financial markets has led to the current collapse of the mortgage industry.

http://www.nytimes.com/2008/07/14/washington/14guarantee.html?_r=1&hp&oref=slogin

Markets have never, anywhere, ever been 'free.' Governments have always manipulated them as much as they were capable of doing, often with unintended consequences. Yet the myth of the 'free market' and the deregulation drive of the last twenty years first further enriched our nepotistic oligarchy, and now has led to the impoverishment and displacement of hundreds of thousands of Americans. And guess who's going to pay for it?
You and me, brother.