What Caused The Problems?

Here’s a little video that gives one reason:

But it’s only one reason, and maybe not the main one. The greed of certain mortgage brokers could only have had this impact if the greed (and in some cases ignorance) of everyone else involved in those transactions was not also at work.

One Response to What Caused The Problems?

  1. […] by mortgages or housing, although they were both catalysts. [Kim – Also see my post about these mortgage issues that are related to the problem.] The real reason was an accounting rule called “Mark to Market” (also known as FASB […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: