Rove Rife With Errors

At his econ blog the big picture Barry Ritholtz corrects the "false statements, crucial omissions and misleading assertions" in Karl Rove's WSJ op-ed today on the sub-prime mortgage debacle. Rove lays primary blame on Freddie Mac and Fannie Mae, but Ritholtz fingers the "lend-to-securitize" business model of the sub-prime mortgage originators:  "I am passionate about getting the factual cause of the current housing and credit crisis correct. If we don't understand how this all came about, we cannot possibly cure it. In attempting to save the President's legacy and clear his own name, Mr. Rove does the nation a terrible disservice." -- Barbara Bedway