Wednesday, June 17, 2009

The Economic Crisis

When you think about the economic crisis we are facing, I wonder if we could say it really is a group of 4 or 5 people's fault. When you think about it, there were probably a few people who met at one company and were tasked with figuring out a new mortgage product. Given this challenge, they thought of the sub prime mortgage and rolled it out. Then from there competitors saw it and thought it was a good idea and they copied it over and over. And then, there, in a few years we had today's economic crisis. Interesting.

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