The GSE meme succeeded because it offered a simple crisis story

Evidence

A crisis story that could fit on a three-by-five card, yet revealed multiple layers of slippery ramification just below the surface, was the holy grail for the Neoliberal Thought Collective. Yet, in the end, their three-by-five slogan was a ruse. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 882

Categorization

• XREF: Fits the recurring theme in this book of the thought collective capitalizing on comprehension-laden, minimal-cognitive-effort narratives. — connects to: The housing bubble traces to private securitization, not government GSE lending — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 888

Broader Connections

• The housing bubble traces to private securitization, not government GSE lending #expands (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 888