https://pjmedia.com/richardfernandez/2009/04/24/the-twelve-monkeys/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 04:21:22 -0400<![CDATA[Barney Frank&#8217;s oscillating views on housing (shown in video after the Read More) underscore the question of whether anyone saw the housing bubble and the subprime mortgage crisis coming. After all, if the primary purpose of additional proposed regulatory oversight, the control, the &#8216;accountability&#8217; of the new managed capitalism is to &#8216;prevent&#8217; a similar occurence, then events like the subprime crisis have to be detectable in principle while they are still in the offing.  Legal researchers are trying to settle the question of whether the meltdown was predictable because the success of class-action suits depends to a large extent on it. If events like the meltdown are not predictable then no bureaucracy is going to be able to prevent it.]]>Fri, 24 Apr 2009 12:47:23 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/04/24/the-twelve-monkeys-n187958