Friday, March 07, 2008

Credit Markets Meltdown - Mortgage Crisis

As this new era of easy money and massive leverage emerged, the thought that risk is limited and easily manageable permeated investors’ mindsets. Hedge fund managers, mortgage bankers, and Wall Street leaders were earning unprecedented amounts of money.

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6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...