Reply to post: Re: WTF? - triggered by the sub-prime lending racket

New Royal Navy Wildcat helicopters can't transmit vital data

Anonymous Coward
Anonymous Coward

Re: WTF? - triggered by the sub-prime lending racket

As I understand it the poor people who took out mortgages mostly paid them back. It was the "real estate developers" whose speculative dodgy condos were classified AAA that caused the real meltdown, according to Gillian Tett and others. (But I agree with you in general terms - if Brown had told Blair that bank deregulation was a bad idea, he'd have been out.)

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