Phil Gramm, Architect of Catastrophe

A Deregulator Looks Back, Unswayed is a New York Times profile of Phil Gramm. It explains how Congress was swayed and bullied into easing banking regulations that enable our current financial meltdown.

A notable quotation from the article:
"Speaking at a bankers’ conference that month, Mr. Gramm said the problem of predatory loans was not of the banks’ making. Instead, he faulted 'predatory borrowers.'"