Axel Merk argues the standard 2008 crisis narrative is incomplete, saying deregulation was not the sole driver. He points instead to subprime lending pushed thr

Axel Merk argues the standard 2008 crisis narrative is incomplete, saying deregulation was not the sole driver. He points instead to subprime lending pushed through Fannie Mae and Freddie Mac, echoing views from Phil Gramm and Jeb Hensarling.