You’d thunk they’d see it coming??
Tags: Economy + Greenspan + housing + loan defaults + sub prime + Treasury + wall street
The US has done it this time–syndicated a global financial crisis through the export of sub-prime loans. But for all of Wall Street’s shamelessness and former Fed Chairman Greenspan’s chutzpah to counsel the US Congress to permit unbridled derivative contract sales so banks could “offload risk,” aren’t investors somewhat to blame?
August 2, 2008 - Markets, Politics - 0 Comments
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