Friday, April 4, 2008
Too Big To Fail and Fed Up!
Wow. Bailing out Bear Stearns because they are "too big to fail". You see, it all started out with real estate and mortgage brokers who steered people into easy-credit sub prime mortgages that they really could not afford if interest rates went up. They were told it wouldn't be a problem and then when their interest rate climbed and the real estate market started to take a dive, they couldn't afford the payments. Some couldn't even sell their properties for the amount of their mortgage. Who kn
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment