[lbo-talk] the mess we're in

Charles Brown charlesb at cncl.ci.detroit.mi.us
Thu Sep 25 12:59:37 PDT 2008



>>> Doug Henwood

So while the proximate cause, as the lawyers say,

^^^^ CB: Nice article.

"Proximate cause" means culpable cause, one for which one is liable. The other type of cause is "but for cause" or "factual cause". May be that housing bubble is a "but for" cause, 'cause the housing lending institutions are not going to be held "liable" or culpable for the mess.

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