Originally Posted by mimartin
Wow. What subprime crisis are you talking about? We have a credit crisis brought on by a number of factors one of which was subprime loans, but we do not have a subprime crisis in this Country.
The sub-prime loans is what caused the credit crunch. They are what caused the enormous number of people being unable to pay the mortgage payments.
That traces back to a court case in Illinois, as well as Freddie/Fannie.
Also another interesting source that is pointing out NYTimes lack of credibility: (is relevant to the topic)