The Great Fall
…can humpty dumpty be put back together again…
I’m certainly not an economics expert but from what I can glean the economic crash we are seeing right now is primarily due to an inordinate amount of public debt, driven by banks issuing/consumers taking mortgages/loans that were secured by bogus insurance issued by Corporations that “we the people” are bailing-out. The effect is, banks and insurance companies who hold the mortgages, can’t borrow money and those who have money to loan won’t let it go because there is too much unsecured debt in the system (insolvency).
October 16, 2008 No Comments
