Understanding The Credit Crisis
Posted in General | By tim |
A useful summary of why and how the credit crunch came about…
Putting politics and rhetoric aside, today’s credit crisis is the result of decades of increasingly lax
mortgage lending coupled with years of swelling trade and national deficits, a gross lack of oversight
both on and off Wall Street, and a cocktail of greed and ignorance that spanned the globe.
And what to do with your investment portfolio? Cry? Sell out now and take the losses? Keep everything and hope that 10 years down the line this was just a blip in an upward slope?
October 13th, 2008 at 1:48 am
You might be interested in this – seems to know what he is talking about.
http://infoproc.blogspot.com/