Quote:
Originally Posted by HushMoney
So you are the person that will set us all straight? Ok, if deregulation didn't cause this mess, please explain to us what did. I'm always happy to learn new things.
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I'd be curous to hear his take as well. wasn't part of the problem banks offering subprime mortgages and then being allowed to sell those mortgages on the market over and over again causing the pyramid to collapse when people were unable to pay for these mortgages after rates had been increased? in canada, where there are basically no subprime mortgages offered, this didn't happen.