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Entry: The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis Link: http://www.takimag.com/site/article/the_diversity_recession_or_how_affirmative_action_helped_cause_the_housing#30865 Post contents: Is this a joke? Did Sailor do one bit of research on the subprime criss? The subprime crisis was caused by CDOs.. mortgage-backed financial products sold to the world by Wall Street. Wall Street couldn't care less who the loans were offered to - it might as well have been cats and dogs. They just wanted to move loans and get their commission. It was caused by Wall Street greed. This article is utterly unbelievable. Sent at: 2008 12 02