Also, if anything the media is partially responsible for this so called crisis, due to the reaffirming the sheeple that hosing was a no loose investment that is guaranteed to make you at least 30% per year for life. The constant emphasis on speculators making hundreds of thousands of dollars without lifting a finger, and then they created TV shows to illustrate this to the masses. Then they promoted refi-ing the heck out of your home to pay for things that weren’t necessarily a priority like RVs and lifted HD trucks.
This is just a continuation of Americans refusing to take the blame or responsibility for their actions, can we ever grow some balls and tell it like it is?
Yesterday on bloomberg.com
Stocks surge as subprime troubles fade.
Today of bloomberg.com
Us stocks tumble as subprime losses spread.
