In discussing the recent housing boom and bust, Mr Reynolds inexplicably fails to mention Fannie Mae and Freddie Mac, the government-backed lenders that did so much to inflate the bubble.

• 在讨论近期房地产兴衰时，雷诺兹令人费解地忽略了房利美和房地美这两家政府支持的贷方在经济泡沫的膨胀中所扮演的重要角色。