despite the fact that that piece is obviously a smear campain against democrats, and just happens to leave out all the BS of the republicans (ie Bush touting the homeownership rate increases as a good thing that HE did); you are right that it does bring up some interesting points. So many chances to avoid this crap, and yet “no one saw it coming!”
I would just love for someone to invite Frank onto their show, play that clip of him saying they are fundamently sound and even if they are not, it isnt the GOV problem, and see what he says. The political “doublt talk” around this issue is just astounding, even from Washington standards.