You completely miss the cause and effect relationship. Why would a law from 1977 (revised in 1995) suddenly cause such a financial disaster in 2007? It was Wall Street that drove the sub-prime boom via their packaging of the mortgages into MBS. When 70% of the sub-prime mortgages were originat...
You completely miss the cause and effect relationship. Why would a law from 1977 (revised in 1995) suddenly cause such a financial disaster in 2007? It was Wall Street that drove the sub-prime boom via their packaging of the mortgages into MBS. When 70% of the sub-prime mortgages were originat...