Subprime Mortgage Meltdown, how we got ourselves into this mess
Friday, August 17th, 2007so, i have been watching with disgust the latest debacle to scare the global money markets. the complete meltdown of the so called “sub-prime” mortgage marketĀ is the inevitable result of the over-extension of credit that happens when the market does really well for a long time. what happens is this: the market is booming. [...]