# Given sub-prime mortgage default rate, was financial meltdown unavoidable?

**URL:** <https://boards.straightdope.com/t/given-sub-prime-mortgage-default-rate-was-financial-meltdown-unavoidable/465784>\
**Category:** Great Debates\
**Created:** [September 30, 2008, 1:10am UTC](https://boards.straightdope.com/t/given-sub-prime-mortgage-default-rate-was-financial-meltdown-unavoidable/465784 "2008-09-30T01:10:40Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![Polerius](https://avatars.discourse-cdn.com/v4/letter/p/d78d45/32.png) [@Polerius](https://boards.straightdope.com/u/Polerius)\
**Post date:** [October 1, 2008, 2:05am UTC](https://boards.straightdope.com/t/given-sub-prime-mortgage-default-rate-was-financial-meltdown-unavoidable/465784/21 "2008-10-01T02:05:47Z")

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> [@SpoilerVirgin](#):
>
> I don’t know if I’d call them good. Having a large number of financial institutions that depend on mortgages collapse, not to mention the homeowners being foreclosed on would not be a good thing.

I meant good compared to what we are seeing now, that is, a meltdown of the economy.

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