[Dien Rice]

Originally Posted by Ankesh

Thanks TW.

I think you should read:
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

Government did reward the banks that gave away subprime loans. But the government didn't force any bank to deal with the mortgage bond market.

This "cartoony" video explains it... It's worth watching.

http://crisisofcredit.com

Best wishes,

Dien