Many fingers have been pointed in who started the subprime mess. Which administration is to blame? What regulator dropped the ball? Although it’s been said this is a very long term problem (perhaps had its genesis as far back as Reagan), the constant tinkering of rules and regulations and pressure by administrations to push home ownership have continued feed the fire that now is an inferno. Some enterprising person found this story nytimes1999 from the New York Times pretty much predicting the financial crisis today. Peter Wallison of the American Enterprise Institute is the soothsayer in the 1999 article. In February 2009 he wrote a piece for the American Spectator providing an updated view and laying the blame at alot of doors.