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Old 10-08-2008, 01:05 PM   #11
GarfieldJL
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Join Date: Apr 2007
Posts: 1,856
Quote:
Originally Posted by mimartin View Post
No doubt, but that still does not make it so. The subprime loans were a factor, but only a factor.

Jae seems to have a handle on it. It may not be written in financial or legal terms, but it is accurate summation.
Actually the problem with Jae's argument is that Freddie/Fannie don't fall under the deregulations, because of their unique ties to the Federal Government.
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