tag:blogger.com,1999:blog-18889742.post4877088522578125597..comments2023-05-05T03:58:50.647-04:00Comments on Nate's World of Words - Written, Spoken, and Otherwise: Collateral Damage: Did We Just Solve the Mortgage Crisis?Natehttp://www.blogger.com/profile/18023116533247424228noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-18889742.post-36043878419447397982008-09-17T12:58:00.000-04:002008-09-17T12:58:00.000-04:00I've heard that the beginning of the sub-prime mor...I've heard that the beginning of the sub-prime mortgage disaster has links to the 1999 Financial Modernization act (break down rules that only banks can handle mortgages in place since 1935)...Gramm, Bliley and Leach signed off basically allowing non-banks to do mortgages and without government regulation...Couple that with Bankruptcy changes and you spell out...financial crisisAnonymousnoreply@blogger.com