Belmont Club

By Richard Fernandez

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How the subprime mortgage collapse happened

October 12, 2008 - 3:18 am - by Richard Fernandez
slade
2008-10-13 06:10:02

You know 3Case, that’s my real argument. The political reform is unlikely to happen – not in any meaningful way. But if you divide the problem into a political component and a financial component, that opens the door to regulatory reform to strengthen the robustness of the financial vehicles – another line of defense against unsustainable social policy.