First of all, I need to make it clear that I am an econ dummy. About the only thing I know about economics is that I can exchange a twenty dollar bill for 2 ten dollar bills.
Grizz writes:
The fact is, the high and mighty who started it all are falling like dominos and going into the poor house - their greed and lack of foresight has caused these lenders to go insolvent.
By poor, do you mean they are literally poor poor or do you mean they have to use a smaller private jet and settle for a smaller private island?