US Sub Prime 101

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  1. #1

    Join Date
    Apr 2003
    Posts
    12,383

    US Sub Prime 101

    Brilliant show from NPR.

    Chicago Public Radio

    Goes on for a while .. so make sure you're comfortable and listen to it all.


  2. #2

    fantastic link, really explains all the bs


  3. #3

    Join Date
    Apr 2003
    Posts
    12,383

    I do think more people (specially now that Bush seems to have signed off on the rescue package) should listen to this. Important that history is not allowed to repeat itself.


  4. #4

    I have friends who have been with Indymac since 1997.

    scum bags.


  5. #5

    as long as there is easy money to be made at the expense of others, things like this will continue to happen. You will be surprised how inventive wall street types can be when it comes to figuring out how can their bonuses be made heftier...

    guess there is no escape, at the most one can try to learn & insulate oneself better in the future...