The fundamentals of our economy are strong

Discussion in 'Economics' started by alpha-beta-blah, Nov 18, 2008.

  1. A visual guide to how 20 something traders made 30 million dollars in bonuses while robbing tens of thousands of people of their money.

    Conveniently left off that chart is Congress's role in forcing Fannie Mae and Freddie Mac to give loans to people with poor credit who were unlikely to stay current paying their loans.

    Great flowchart BUT where is Bear Sterns failure?

    That and the "historically low interest rates" comment should be magnified 10 times.