Liar Loans Were Imported From The United Kingdom

I have written in my eBooks that the smoking gun proving the banks at fault for the financial crisis was bogus risk management. But I stumbled upon a main-street-average-Joe explanation that is a smoking gun as well. Readers should pay attention to this proof that the bankers are totally at fault for the housing bubble and crash. The smoking gun is that the liar loans, which were central to the most intense part of the housing bubble, were imported from the UK, not just to the United States, but to PIIGS nations in Europe as well. Read more: http://www.businessinsider.com/smoking-gun-liar-loans-were-imported-from-the-united-kingdom-2012-1#ixzz1kJakqkyM