Pity the fool - The Business Facilities Blog - Economic Development.
Business Facilities
OCTOBER 24, 2008
Those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief, he said. They used these to bundle ridiculous sub-prime mortgages and spread the unsecured debt throughout the global financial system. Thats $55 trillion in greenbacks.
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