non, ceux qui ont prédit tout cela le plus tôt, c’est la FED en Mars 1999.

Fidèle à son principe (le marché résoudra le problème), la FED a mis en garde mais laissé faire, car cette déprime immobilière et boursière fait partie intégrante des règles de jeu du marché.

http://www.federalreserve.gov/boarddocs/SRLETTERS/1999/sr9906a1.pdf

Mars 1999

Recent turmoil in the financial markets illustrates the volatility of the secondary market for subprime loans and the significant liquidity risk incurred when originating a large volume of loans intended for securitization and sale. Investors can quickly lose their appetite for risk in an economic downturn or when financial markets become volatile. As a result, institutions that have originated, but have not yet sold, pools of subprime loans may be forced to sell the pools at deep discounts. If an institution lacks adequate personnel, risk management procedures, or capital support to hold subprime loans originally intended for sale, these loans may strain an institution’s liquidity, asset quality, earnings, and capital. Consequently, institutions actively involved in the securitization and sale of subprime loans should develop a contingency plan that addresses back-up purchasers of the securities or the attendant servicing functions, alternate funding sources, and measures for raising additional capital.