The subprime crisis was purely a Wall Street invention. Nobody seemed to care that most of them could never be repaid; the focus was just on the fees. It’s not much different from what happened with the infamous “investment trusts” that National City and other big banks were flogging in the late 1920s.
read more | digg story
Subscribe to:
Post Comments (Atom)
2-16-2026
A Stock Market Doom Loop Is Hitting Everything That Touches AI Pentagon Fails 8th Audit in a Row. Can’t account for 60% of its 1 Trillion ...
-
They're saying F-U to Congress, essentially read more | digg story
-
“In the Shitter”: Democratic Rep. Reads Out Entire List of Trump Crimes - Representative Jasmine Crockett used Republicans’ Biden impeachm... -
A lot of criticism was given to the Bush Administration for proposing a 3-page bill to address the financial markets. While I had some criti...
No comments:
Post a Comment