Friday, Apr 25, 2008
from last month but good as a 'Sub-prime for dummies'
The New York Times: Can’t Grasp Credit Crisis? Join the Club
Raise your hand if you don’t quite understand this whole financial crisis.
It has been going on for seven months now, and many people probably feel as if they should understand it. But they don’t, not really. The part about the housing crash seems simple enough. With banks whispering sweet encouragement, people bought homes they couldn’t afford, and now they are falling behind on their mortgages.
Good article....
Posted by rental john @ 11:42 AM (169 views) Add Comment
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