White House Philosophy Stoked Mortgage Bonfire: New York Times

01/20/2009 05:12 am ET | Updated May 25, 2011
  • JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON New York Times

The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, "scared the hell out of everybody."

Read more on New York Times