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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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