Barry Ritholz Explains the Truth for the Unenlightened

Some people are still not sure exactly how the whole subprime mortgage mess in 2008 came about, and many people are still sticking with the old story that that U.S. affordable housing policies caused the crisis. However, the data supports an undeniable cause, and it probably won't surprise many others to learn who the perpetrators were (HINT: Big B _ _ _ _ ):

If people still have any doubts about how dubious the banks were, then they might take a moment out of their busy schedule to read this recent post, which "SHOULD" quell any doubts. Don't forget to add the $920 million lawsuit that UBS settled in favor of Fannie Mae and Freddie Mac today.


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