Re: Actually, no
The issue with sub-prime mortgages wasn't the mortgages themselves, but rather that they were packaged up with enough other, more reliable, loans and then rated highly for investment security. Because of this, large numbers of people invested in them thinking they were a safe bet, when in actual fact they weren't. There weren't any charges for this, but I don't know if it was technically illegal (and it would be difficult for the government to prosecute, given the people who rated them highly are the ones who set the country's credit rating, and so the rates that countries can borrow money at)
Biting the hand that feeds IT
