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The housing bubble in four chapters

ire

Turbo Monkey
Aug 6, 2007
6,196
4
We all talk a lot about the mortgage mess and the economy, here is a good article that explains the origins of subprime lending and mortgage backed securities. I didn't realize that all of this started back in the '70s, but didn't really gain steam until after the tech bubble popped.

http://www.msnbc.msn.com/id/25169510/
 

ire

Turbo Monkey
Aug 6, 2007
6,196
4
fitting that obama is running as Jimmy Carter's Second Term...

:rolleyes:
:rofl:

The majority of young people won't even get that reference.....soon McCain will start referencing his younger years, before there was electricity :biggrin: