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Eisboch[_4_] Eisboch[_4_] is offline
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First recorded activity by BoatBanter: Dec 2008
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Default 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