>>> 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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