[yeah, your looking at a 14% growth as a 85% fault.
It's not 14% growth, it's 233% growth. Going from 6% to 20% is a 233% increase, not a 14% increase. Math...Conservatives don't know it, shouldn't try using it. Furthermore, from 1993-2003, 1,100,000 subprimes were issued with default rates between 5-7% (110,000 a year). From 2004-2007, 800,000 subprimes were issued that had default rates 20-23% (200,000 a year). So subprime mortgages shot up nearly 100% in 4 years from what it was the past 10. Those garbage subprimes were spun off into infinite securities. When they defaulted, the securities they backed went toxic. That's how 800,000 subprimes tanked the entire global market.
but I reject your ideas. I will stay with what is actually the cause. Fannie and Freddie. There wouldn't have been a change in how they did business, Dodd-Frank Act.
Dodd-Frank Act - CFTC
You reject facts. Interesting. Why?
Dodd-Frank was
after the collapse, not before it. Secondly, the loans Fannie and Freddie issued had delinquincy rates under 3%, whereas privately issued subprimes had delinquency rates of 34%.
So when you look at that chart, what is it you are seeing?