Humpty Dumpty

Did Inaccurate Credit Scores Cause Subprime Crisis?

If this theory is to be used then the creditors i.e credit cards, collection companies, mortgages etc who report to the Bureau (repository) are to blame. The FICO is a snapshot at a particular point in time based on raw data reported by the creditors. This could be an interesting argument based on the fact that the secondary market had so much confidence in empirical data