Katie sent me a link yesterday to a “SubPrime Primer” which gives you the background on the whole subprime fiasco. It seems like a fairly accurate if jaded description of how we got into this mess.
When I bought my house nine years ago, I had no end of people telling me how instead of a fixed rate mortgage, I should have gone with an lower adjustable rate mortgage and refinanced to a fixed when the rate eventually went up.
Yeah. That would have been a good plan.
I’m a bit nostalgic for the days when “conservative” meant “cautious.” Nowadays it seems to mean “reckless.”
2 thoughts on “Explaining the Financial Meltdown”
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Happy Ramadan to everybody. Why this web site do not have other languages support?
Happy Ramadan to you as well.
I’m not certain whether this comment was spam, however you aren’t someone I’m familiar with. That being the case, I’ve removed a link to what appears to be a commerce site. Such is the state of the web today, it’s regrettably unwise to trust links from unfamiliar sources.
To answer the question however, this site is only available in English because English is my primary language. I do know a smattering of Spanish, plus a few phrases in French, German, and even Klingon, but by no means consider myself fluent in any of them.
I wouldn’t mind making the convention list portion of the site available in other languages, but as a private individual, I simply don’t have the resources. As for the rest of the site, the target audience (mostly friends) are English speakers.
Enjoy your visit!