[phpfoxmods]

The meltdown came from stacking bad investment vehicles (derivatives) on top of each other, and using the house pricing boom as the basis for the whole scheme. When house prices began going the other way, the whole system collapsed. Not based on wages, investment capital, or retail loans at all. If C appears to the pros to be due to E, J, L, and S (primary causes), then coming along and insisting that items affected tertiarily were the REAL cause doesn't make it actually so. It just reflects your own philosophy.