Updated: Financial Crisis Commission Republican Members Blame Housing Policies.

Update: NYT columnist Krugman says it ain't so, HERE.
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From Ezra Klein, WaPo Wonkbook:

"....Splintering from their Democratic counterparts, the four GOP members of the Financial Crisis Inquiry Commission pointed the finger at politicians in Washington for promoting lax mortgage lending standards that allowed lower- and moderate-income people to buy homes beyond their means." 

The Republican explanation is HERE; the actual Commission report is not scheduled for release until January.

Originally created and posted on the Oregon Housing Blog.