JOHN STEELE GORDON: Speculators, Politicians, and Financial Disasters.

Many people, especially liberal politicians, have blamed the disaster on the deregulation of the last 30 years. But they do so in order to avoid the blame’s falling where it should—squarely on their own shoulders. For the same politicians now loudly proclaiming that deregulation caused the problem are the ones who fought tooth and nail to prevent increased regulation of Fannie and Freddie—the source of so much political money, their mother’s milk.

Does this answer my question about why Lehman’s collapse is being investigated more intensively than Fannie and Freddie’s?