Upside Down Mortgage

Subprime Crisis Wiki

Question: Is Phil Gramm responsible for the current economic meltdown?

I've been reading that this is behind the subprime mortgage crisis:

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

Also, that he authored the bill that led to the enron fiasco:

http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000

Answer: Yes along with co conspirators Allan Greenspan and George Bush.

MCAT Strategy - WS Example Database - Business Ep 2

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