Tuesday, October 7, 2008

From Trap to Crunch to Assimilation - The Great American Power Lunch

one of the more informative takes on this crisis

Before I start with anything about the banks and the financial markets and this whole mess, I should start at the beginning of all this. On the news the words are flashed, subprime, subprime, mortgage, housing crisis. Crisis crisis crisis! Well just what the hell is the subprime mortgage crisis?


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