This is silly. If mortgage fraud wrecked, then mortgage fraud is also what drove it up to the point of wrecking.
I.E. without mortgage fraud, perhaps it would not have crashed like it has in some places. But, it never would have gotten to those heights in the first place.
This reminds me of the Enron stockholders who sued Enron for saying the fraud caused their losses from the peak. Of course, it was the fraud that pushed the stock up high to begin with.
“Of course, it was the fraud that pushed the stock up high to begin with.”
EXACTLY!