Quote:
Originally Posted by Greedy,Greedy,Greedy
I don't have a dog in this fight, so if I've missed something let me know, but I thought the biggest trigger in the 2007 debt crisis occurred when US housing prices fell and the equity value of heavily leveraged securitized mortgage pools basic evaporated overnight, drying up the secondary mortgage as a source of funds.
And that the real acceleration of the crisis occurred with the collapse of first Bear Stearns and then Lehman Bros.
|
I don't know fuck all about markets and banks- I'm an IP punctuation specialist- but Ty says W's at fault.
