The Dow lost more than 7% today, dropping to levels not seen since the first half of 2003. I’ve seen videos that blame the financial crisis on providing zero-down, sub-prime mortgages to people that wouldn’t be able to handle the combination of dropping real estate values and increasing payments. It makes sense to me, regardless [...]
Posts Tagged ‘financial crisis’
This American Life on the Financial Crisis
How bad are things, really? Chicago Public Radio’s “This American Life” has another frightening show about the economy. ___ Hat tip. Gary Walter.