Posts Tagged ‘financial meltdown’
According to a TIME 24/7 article this morning, “Someone who took out a subprime loan in 2003 is the “patient zero” who began the great recession.” A single borrower set off the series of events that may lead the economy into its greatest downturn since The Great Depression? Blaming the financial meltdown on one borrower is probably the most ridiculous thing I have read since mortgage lending hit the skids. I have a novel idea, “Why don’t we call the mortgage lender or the underwriter “Zero”?