How Credit Got So Easy And Why It's Tightening
The WSJ has put up a good slide show that explains a part of the current debacle.
For a longer more detailed textversion click on the headline
For a longer more detailed textversion click on the headline
Das WSJ hat ne recht gute Slide Show zusammengestellt die einen Teil der aktuellen Misere übersichtlich erklärt.
Für eine ausführlichere Version bitte auf die Überschrift klicken.
Hat tip to WMBZ!
Labels: credit crunch, debt, subprime
posted by jmf at 4:48 AM
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_euoz_2.gif)
3 Comments:
S&P may downgrade 207 Alt-A RMBS
Hi jmf,
I do not believe for one minute that the U.S. investment banks will ever be allowed to suffer. No matter how stupid or greedy they get, they will never go bk, because they have lots of friends in high places. Whatever they need to happen in the credit market or stock market will happen. They have no scruples, and neither does anyone in authority.
Moin Edgar,
I think this mentality is not exclusive to the US
See IKB.... :-(
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