Sunday, September 21, 2008

Kaboom! . . . and Bust. The Crash of 2008.

Why the lack of confidence? Why did people no longer believe banks and their figures? The [Morgan Stanley] staffer then made comments that illuminate another key factor in this crisis: not everyone has been honest. "Other banks have had difficulties and I think probably have not been as straight with the market as they should have been . . ."

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