ABSTRACT
It is evident that Adam, with all his science, would never have been able
to demonstrate that the course of nature must continue uniformly the same,
and that the future must be conformable to the past.
David Hume
The Credit Crunch has been referred to as a STD: a Securitisation Transmitted
Disease181. There may be an element of truth in that characterisation, but it
ignores the fundamental cause of the malaise: bad mortgage lending.
