The Mortgage Crisis : A Repeat of History?

Hello,

I was just sent a link to a rather thought-provoking article about the current mortgage crisis.

It draws attention to historical parallels in the recent banking sector fall-out and how politics and big money may have contributed to it.

Click here to read.

Please do post any comments you may have. I would love to hear your opinion.

Have a great week

Malcolm

Comments

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Interesting, however nothing surprising. "how politics and big money may have contributed to it" - it's not hard to realize they didn't contribute, but they CAUSED it. There is one big problem on our "free" market - the most important price, the price of money, is set administratively. Here is the result...
Regards,
Elli

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