Wednesday, September 17th, 2008

There is certainly a lot of financial turmoil happening right now. It’s a bubble bursting – long overdue to many in the know – and although it leads to scary times, the greed and excesses at every level of the US housing market from the consumer who purchased a house that they could not afford to the major bank that sold/insured these bundles of worthless mortgages are now seeing the consequence of their actions. Lax regulations helped make it easy for it all to happen. Let’s hope that the crisis has been adverted and stability will return.