Originally Posted by mimartin
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.