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First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
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To Our Children's Children's Children, On the Threshold of a Nightmare
"thunder" wrote in message
t...
Sub-prime loans are, or more to the point, derivatives of sub-prime
loans. The heart of this economic collapse was greedy, incompetent
businessmen. When Lehman Brothers leveraged themselves over 33 to 1,
thinks get a little dicey when things go south. Compound that with a
herd mentality, and you get where we are. The government didn't do this,
but, hopefully, the government can get us out of this.
Not going to be easy.
http://news.yahoo.com/s/afp/20090129...20090129173404
Eisboch
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