Posting in his blog today, NY Times columninst Paul Krugman, called NYC Mayor Mike Bloomberg an "ignoramous" for his explanation of what caused the housing meltdown:
|"...the favored candidate of those who believe we need a smart centrist to solve our nation’s problems reveals himself to be completely ignorant about the causes of our economic crisis, someone who just swallows right-wing propaganda whole."|
Firedoglake has a link to an article that refutes Bloomberg's claim. It is a concise, well written piece and worth the read.