David Bowie caused credit crisis

A commission of republicans and democrats is studying the reasons how the credit crisis erupted (by the way: a nice time line for the credit crisis: http://www.money.co.uk/article/1006239-tracking-the-global-recession.htm). The republicans have leaked that it is the faut of government that forced Fannie Mae and Freddie Mac to give subprime mortgages to individuals that wanted to buy a house. It is not the fault of complicated financial constructions of banks, no it is big government with its bankrupt GSE's that cause huge losses for tax payers.
Democrats and people that can count to ten don't take this version for granted (Fannie Mae and Freddie Mac were initially rather conservative, only at the end of the subprime hype they joined the party). Anyway the leaking causes that you willl not get a generally accepted version what caused the credit crisis.

You don't need big studies: it is already known who has caused the credit crisis: it is David Bowie (http://www.mirror.co.uk/celebs/news/2009/01/12/david-bowie-s-back-catalogue-bonds-may-have-started-the-credit-crunch-115875-21036649/).
David Bowie (his advisors) invented in 1997 securitisation. He discovered how you could cash immediately with securitisation of Bowie Bonds the future revenues of his music. He didn't receive any longer the royalties of his music, but he had now the proceeds of the Bowie Bonds. The innovation of David Bowie triggeerd a lot of followers and so a securitisation markets was generated in all kind of difficult constructions. Without David Bowie the credit crisis should not have happened, at least it should have lasted longer before it should have erupted.