It's looking more and more likely that we've been in a real-estate bubble - and that things are going to get mighty ugly as it deflates.
If the situation, already worrisome amid the spate of sub-prime loan defaults, turns into the meltdown that many are belatedly forecasting, one result will be predictable: a hunt for culprits.
We'll find them everywhere. When speculative bubbles inflate, you have to search hard for skeptics, at least in the early days. But when the law of ...