This article by Josh Holland does as good a job as I've seen explaining the main causes of our economic meltdown, in a nutshell the greed of the investment banks and their practice of "leveraging," a scheme largely unregulated by a Congress duped by anti-regulatory ideology and investment bank lobbying.
Wednesday, October 22, 2008
The financial collapse explained
This article by Josh Holland does as good a job as I've seen explaining the main causes of our economic meltdown, in a nutshell the greed of the investment banks and their practice of "leveraging," a scheme largely unregulated by a Congress duped by anti-regulatory ideology and investment bank lobbying.
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment