I Don't Know Much About Economics

And that is pretty much the only thing McCain and I have in common.

Here is an article at McClatchy that summarizes part of the cause of the recent economic turmoil. Basically, it was not Fannie/Freddie since they did not have the ability to invest much into the sub-prime market. Instead, financial institutions that were able to wiggle themselves into regulatory gaps backs much of these subprime loans on the secondary market, and when loans began being defaulted on eveything went to hell in a hand basket.

I hope you have enough pork and beans to last you through the winter.