http://jaybose.com/archives/how-did-we-get-here/ Yapping about stuff. Fri, 10 Sep 2010 19:09:28 +0000 http://wordpress.org/?v=2.2.2 http://jaybose.com/archives/how-did-we-get-here/#comment-6037 Jay Tue, 28 Oct 2008 23:57:00 +0000 http://jaybose.com/archives/how-did-we-get-here/#comment-6037 Yes, there are more factors that led us into this current crisis. But the CDOs playing a ponzi scheme with (domestic and international) investor money was the root of this evil. Yes, there are more factors that led us into this current crisis. But the CDOs playing a ponzi scheme with (domestic and international) investor money was the root of this evil.

]]> http://jaybose.com/archives/how-did-we-get-here/#comment-6033 xrellix Tue, 28 Oct 2008 18:44:20 +0000 http://jaybose.com/archives/how-did-we-get-here/#comment-6033 WTF? it explains crap. Did you watch the last 2 60-minutes specials on the financial crisis - they gave great explanations. Layering complex securities on top of bad mortgages was one problem - but the side-betting called credit default swaps was the tumbling force. This type of gambling was outlawed after the 1907 crash but deregulated in 2000. WTF? it explains crap.
Did you watch the last 2 60-minutes specials on the financial crisis - they gave great explanations. Layering complex securities on top of bad mortgages was one problem - but the side-betting called credit default swaps was the tumbling force. This type of gambling was outlawed after the 1907 crash but deregulated in 2000.

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