Confused about all the news regarding problems with foreclosures and how home mortgages are related to Wall Street? Check out this YouTube video by Florida Congressman Alan Grayson.
i just started reading "the big short" by michael lewis. it's a real eye opener on how the big brokerages bundled subprime mortgages and repackaged them as bonds.
Billy - I really don't know all the ins and outs of it but I can see the big picture. I remember you explaining about bubbles in the past, seems like you were pretty accurate.
i just started reading "the big short" by michael lewis. it's a real eye opener on how the big brokerages bundled subprime mortgages and repackaged them as bonds.
ReplyDeleteBilly - I really don't know all the ins and outs of it but I can see the big picture. I remember you explaining about bubbles in the past, seems like you were pretty accurate.
ReplyDelete