Comments on "Liar Loans" did NOT cause the financial collapseIrresponsible lending & borrowing - "liar loans" - did NOT cause the financial collapse, though such loans were often criminal and the guilty should be punished.
Meanwhile, blaming the crash on liar loans distracts us from the real cause of the collapse: an unsustainable level of total public and private debt.
TypePad2010-05-26T23:28:08ZTom Haganhttps://whatsnotso.blogs.com/whatsnotso/tag:typepad.com,2003:https://whatsnotso.blogs.com/whatsnotso/2010/05/liar-loans-did-not-cause-the-financial-collapse/comments/atom.xml/