Category Archives: wall street

Why’d The Economy Crash, Our Savings Plunge, and the Huge Investment Banks Disappear?

Posted on December 26, 2008 by admin

Portfolio.com put together a tremendous insider story about the underpinnings of the economic mess we’re in:  excessive leverage on securities made of rolled up subprime mortgages, by speculators who bought despite home price-to-income ratios skyrocketing, and investors that saw this … Continue reading →

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