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    is the wall street sub prime mortgage fiasco the downfall of the "piig" countries

    +1  Views: 303 Answers: 1 Posted: 12 years ago

    1 Answer

    No, it was caused by the federal government "Fanny" and "Freddy" mortgage providers that forced banks to lend 120% of the loan value to persons unable to pay of their mortgages.


     


     



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