He recycles every bit of left-wing conventional wisdom about the financial turmoil, no matter how long discredited. I wrote a piece responding to that left-wing CW a while back, and most of it applies to Frank’s article. Frank adds one original element to the mix: He sneers at Kevin Hassett, who pointed out how regulation made the housing boom-and-bust cycle more severe. Note that I said “sneers at,” rather than “refutes.”