both parties signed off on the housing initiatives -- yes ...

来源: panzerkom 于 2008-09-27 11:59:15 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (282 bytes)
本帖于 2008-09-28 18:04:55 时间, 由超管 论坛管理 编辑

sub-prime loans alone did NOT cause the meltdown. it was the complicated financial products like credit default swaps and collateralized debt obligations that allowed banks to hide their bad debt. and THAT has everything to do with deregulation and the republicans who pushed for it

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