Explaining the financial crisis to a nation of third graders

They're sure talking about "root cause" a lot these days in Washington, though, with only a few exceptions such as Ron Paul (R-Texas) ... assumption that home values would continue to rise, led to excesses and bad decisions. Many mortgage ... or not the U.S. financial system is so fundamentally flawed - based on a credit expansion which [more...]

Date: 2008-09-25 04:20:00

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