Dien Rice
March 25, 2009, 09:09 PM
Thanks TW.
I think you should read:
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
Government did reward the banks that gave away subprime loans. But the government didn't force any bank to deal with the mortgage bond market.
This "cartoony" video explains it... It's worth watching.
http://crisisofcredit.com
Best wishes,
Dien
I think you should read:
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
Government did reward the banks that gave away subprime loans. But the government didn't force any bank to deal with the mortgage bond market.
This "cartoony" video explains it... It's worth watching.
http://crisisofcredit.com
Best wishes,
Dien
