“21 of the 25 Largest Subprime Issuers Leading Up to the Crisis Were Financed by Large Banks”

Elizabeth Warren – the chair of the congressional oversight committee of the bailouts – points out:

21 of the 25 largest subprime issuers leading up to the crisis were financed by large banks. (Remember this the next time you hear a lobbyist blaming the crisis on non-banks and denying the role of the bank holding companies.)

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