It was NOT the bad mortgages, really. The much larger problem was the unregulated, uncapitalized bets placed on top of them. As the last interviewee says, "it's a crime." For which individual heads need to roll, imho -- WITH seizure of all ill-gotten gains, pls; and we'd better start finding them because you can bet they're mostly off-shore already.
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October 5, 2008
Even 60 Minutes Gets It Better than Congress
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follow the money
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