The fact remains, no matter how many crooks on Wall Street, none of it would have happened if the Clinton admin hadn’t got the ball rolling.
It wouldn’t have happened with sub-prime mortgages, but it would have happened with derivatives based on something else.
If the derivatives market crashes again, we’re well and truly screwed. And it has nothing to do with housing.
http://www.freerepublic.com/focus/f-news/2965885/posts