Understanding Subprime and the Eventual Fall of Lehman Brothers
“..why events like this happens, especially with the fall of not only Lehman Brothers, Merrill Lynch, AIG but the previous big names like JP Morgan, Bear Stearns and even Freddie Mac and Fannie Mae, which were now taken over by the federal government. This is the only way to appreciate why everyone is rattled with the 500 points Wall Street meltdown yesterday.” Read full entry
2009 · All Rights Reversed ·
Subprime mortgage is the real culprit that made a lot of companies go bankrupt and a lot of economies go into recession. Read on my article on what really happened that caused a domino effect of the subprime eventually leading economies into recession.