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This "sub-prime" lending boom, then bust, was the trigger for the subsequent collapse.
More broadly, if Mr. Cuomo was less prescient and gutsy than he now claims, no one seriously argues he deserves some outsize share of the blame for the subsequent collapse.
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Whatever Grubman's sins, he of course is not personally responsible for the late 1990s excesses and the subsequent collapse of telecom valuations.
The all-party committee is looking into the justification for the Libyan military intervention, and the subsequent collapse of authority inside Libya.
Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry.
Alan Greenspan will go down in history as the person most responsible for the enormous economic damage caused by the housing bubble and the subsequent collapse of the market.
Political pressure has been mounting for the title awarded to Sir Fred in 2004 for "services to banking" to be withdrawn over his role in the subsequent collapse of RBS.
The subsequent collapse of two banks in Uruguay had many Uruguayans fearing for the safety of their banking system.
Less than two months after its creation, the Sept. 11 terrorist attacks and the subsequent collapse of air traffic so upset the agency's forecasts for the year that the government had to bail it out with emergency financing.
The fortunes made in the City and the subsequent collapse have many echoes in the criminal world.
"But only to be expected in the wake of the equity plunge and the subsequent collapse in confidence.
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