not to defend the government by any means but wasn't the BIG problem coming from Wall Street and hedge funds loading up on these HIGH RISK packaged loans.
Sure the government could have stepped in but THE STREET shouldn't have been gobbling up these like crazy
take, Merrill Lynch right now.....that past CEO went crazy with these sub-prime loans
several banks did the same it looks like
i guess they were playing "sub-prime" musical chairs and there certainly wasn't many chairs!! lol
Risk is the name of the game. If you can control it and manipulate it, the sky is the limit.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.