F&F owns "only" about 50% of all mortgages. From what I know the main problem was the credit rating agencies like Standard & Poor giving A+ grades to risky mortgage securities because it was good for their business. Kind of like with the Iraq war in the beginning, it was generally not tolerated to speak up against it within the companies that were involved. PBS recently aired an interview with a S&P whistleblower on this. It was quite interesting.

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2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL