ST Alpha - "SITWAP: Yet another explanation of the credit crisis, but it's nicely done. -- (link)" (Reading a Post)

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SITWAP: Yet another explanation of the credit crisis, but it's nicely done. -- (link)

Posted by nubby Feb 21 '09, 07:52

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http://www.crisisofcredit.com/ (www.crisisofcredit.com)

Responses:

Great stuff. That last part is very compelling. Why lend to sub-prime borrowers? Because if they default, the bank gets the house and... - Mop Feb 21, 08:34
Every once in a while, I ask myself "How did all this start again?" - Mop Feb 21, 08:04 2
- No, it was a matter of degrees. We all sat like frogs in a pot while the heat was turned up. -- nm - nubby Feb 21, 08:07 1
  - I was thinking along those lines the other day. Very apt. -- nm - Loyola Feb 21, 09:10

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