I've been busy. If it has the typical lefty slant, I don't see why I should bother.
The principle cause was subprime mortgages, that led to foreclosures
Yeah, dropping prices. CDS just move the losses around.
I'm as right wing as you can possibly get. I found it fascinating that there was one voice crying out in the wilderness. If Conservatives are going to lead the next round then they better wise up about OCD's and CDS's. Yes, on any given day you can pull on the taffy and morph it into any useful weapon against the opposition. If you fail to learn from history then you will certainly cause yourself to repeat it.