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To: dangthis
but Born reminded him that they became one of the principal causes of the financial meltdown in September 2008

I thought the principal cause was the drop in housing prices?

139 posted on 04/10/2010 6:45:56 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
"(Math is hard. Harder if you're stupid.)" ... and impossible if you are smart.

Did you watch the Frontline show?

"I thought the principal cause was the drop in housing prices?"

The principle cause was subprime mortgages, that led to foreclosures, that then led to triggering action to those that provided the credit default swaps.

140 posted on 04/10/2010 6:58:52 PM PDT by dangthis
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