tag:blogger.com,1999:blog-2460005.post7389199804999523085..comments2023-11-05T04:28:29.961-08:00Comments on Adventures in Capitalism: The best simple, plain-English explanation of the credit crunchChrishttp://www.blogger.com/profile/00927628412285314176noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2460005.post-39622061587354120662008-10-13T19:29:00.000-07:002008-10-13T19:29:00.000-07:00So the mortgage lender had no business selling ham...So the mortgage lender had no business selling hamburgers to people who could only afford gruel. <BR/><BR/>The term Sub-Prime should be a warning sign already.<BR/><BR/>Sub = Below<BR/>Prime = Best<BR/><BR/>Below Best = Lending money to people who are unlikely to pay it back...<BR/><BR/>shoulda woulda coulda seen it comin'Dedrichttps://www.blogger.com/profile/03883524974905519389noreply@blogger.comtag:blogger.com,1999:blog-2460005.post-57561306479978464442008-09-22T13:36:00.000-07:002008-09-22T13:36:00.000-07:00Also, this video is a simple but good english (heh...Also, this video is a simple but good english (heh) explanation. Funny, as well.<BR/><BR/>http://ca.youtube.com/watch?v=SwRFoxgEcHcAlex Gourleyhttps://www.blogger.com/profile/15165480568654732273noreply@blogger.comtag:blogger.com,1999:blog-2460005.post-49398264464808314392008-09-22T13:12:00.000-07:002008-09-22T13:12:00.000-07:00So, what solution would you favor? Admittedly I ha...So, what solution would you favor? Admittedly I haven't searched much, but it seems like I've yet to find a well thought out, pragmatic solution. <BR/><BR/>So far I've seen "It sucks, but may be the only option" and "no bailouts for billionaires".Alex Gourleyhttps://www.blogger.com/profile/15165480568654732273noreply@blogger.com