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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Monday, November 29, 2010

The Financial Crisis: Blame It On The Government, Of Course!

Found this interest video clip on the WSJ's new Opinion Journal Live:



What I find truly unbelievable is that at one point, half the mortgages in the U.S. were either subprime or ALT-A. Yikes!

I also find it very....err....interesting that the commission places most of the blame for the financial meltdown that led to the Great Recession on institutions that really don't matter anymore, like Fannie Mae and Freddie Mac. IMO, they are letting way too many fraudsters and other super-greedy players off the hook.

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