loans to insolvent persons (such as temporary workers with low income) from wealthy lenders, accounted for the same institutions of Loose Cannons.
Homes like Citi, or Lehman Brothers, thought to generate bonds, with debt that the "borrowed" generated against them, putting them in packages of products (such as investment risk is low and high yield) measured with indices from the houses of positive rating (telling you whether a investment is safe or not).
Blackbirds like you and me as well as public or private, unwittingly investing his own money, hoping that the poor beggars overseas were able to pay its debts, with the expectation of large profits.
Now, it turns out that those obligations arising from subprime mortgages (not paid on time), are paper ass.
Domino effect, for which the money are purely virtual, and economic systems collapse.
Moral of the story: Investment (blind to the facts) wrong with the willingness of unscrupulous people and financial entities in the long run turn out to be colossal failures, throwing millions into poverty overnight.
For those of you who are wondering what to do, I recommend you begin to pick up the hoe and spade, and learn to use them in a short time.
If we also have a course of sheep shearers and cow milkers, better yet (of course, at the end of the course, trade your car with a few head of livestock) ...
Homes like Citi, or Lehman Brothers, thought to generate bonds, with debt that the "borrowed" generated against them, putting them in packages of products (such as investment risk is low and high yield) measured with indices from the houses of positive rating (telling you whether a investment is safe or not).
Blackbirds like you and me as well as public or private, unwittingly investing his own money, hoping that the poor beggars overseas were able to pay its debts, with the expectation of large profits.
Now, it turns out that those obligations arising from subprime mortgages (not paid on time), are paper ass.
Domino effect, for which the money are purely virtual, and economic systems collapse.
Moral of the story: Investment (blind to the facts) wrong with the willingness of unscrupulous people and financial entities in the long run turn out to be colossal failures, throwing millions into poverty overnight.
For those of you who are wondering what to do, I recommend you begin to pick up the hoe and spade, and learn to use them in a short time.
If we also have a course of sheep shearers and cow milkers, better yet (of course, at the end of the course, trade your car with a few head of livestock) ...
