Monday, August 20, 2007

Subprime mortgages proved to be the ultimate risk (Pioneer Press)

It wasn't different this time either, was it? Wall Street's promise that pools of subprime mortgages would shower high yields on investors without the commensurate risk proved as nonsensical as the 1990s pitch that dot-com companies thrived on clicks, not profits.

Read More...

[Source: Yahoo! News Search Results for mortgages]

No comments: