Tag Archives: subprime mortgages

Global meltdown: Bush saves the day! (in 40 minutes!)

Meetings! I just love meetings … no, I don’t. I hate meetings. But perhaps that’s just because I’m no good at running them. According to an MSNBC article today, Bush met with the leaders of 20 countries Saturday night. To … Continue reading

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Why the finance industry should accept much more blame for the crisis.

If what we want to do is point fingers, there’s plenty of blame to go around. At the end of the day, though, I hold the creators of the securities as being far more responsible than the home buyers. Professionals … Continue reading

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Greenspan? Rapidly approaching status of "bad joke" in my mind.

According to a New York Times article about Greenspan and his policies today, Greenspan is defending his stance on derivatives (he was pro-derivatives) by saying the whole imploding economy is because of people acting in bad faith in the markets, … Continue reading

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Posted in Business, Business Explained blog | Tagged , , , , , | 5 Comments