How the Markets Really Work (video)
Does sentiment drive the market, or silliness? A practical explanation of how the markets work, with a dash of humor from George Parr.
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September 30th, 2008 at 9:20 am
I think it interesting to note that characterizing the defaulters as the “poor black guy in Alabama” would never fly here in the States. Obviously that can’t be broken down by race.
Even though “bad” loans are at the heart of this mess, don’t you think that WallStreet and the press are focusing on those who couldn’t and shouldn’t have had mortgages, rather than on the real issues surrounding the greedy repackaging these bad loans, exhorbitant pay, and governmental (tax payer) bailout money when it all comes crashing down? The latter is more egregious if you ask me! Why should I pay for someone else’s bad lending judgment/gamble?
Discuss here