Sunday, December 06, 2009

Over-investing in mortgages

This article explains why banks over-invest in mortgages and cause the global financial crisis.

1 comment:

  1. I would rather we pay multi-million dollar salaries to all the men & women in emergency services (eg fire department, police, ambulance services, paramedics etc) who risk their lives on a daily basis, to save lives.

    Isn't that much better than paying million dollar salaries to CEOs whose only skills in life are "how to cut costs and jobs" and make "impressive powerpoint presentations to the Board of Directors"

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