Post Tagged with: "Daniel Mudd"

January 28, 2011 17:44

Democrats cover up government fault in financial crisis report

[T]he U.S. government’s housing policies were the major contributor to the financial crisis of 2008. These policies fostered the development of a massive housing bubble between 1997 and 2007 and the creation of 27 million subprime and Alt-A loans, many of which were ready to default as soon as the housing bubble began to deflate.